Nearly 18K state employees don’t have to contribute 4% of their pay to get full pension benefits in retirement because a law requiring the paycheck deductions is unconstitutional, the Michigan appeals court ruled.
Bill Schuette has officially joined Detroit’s federal bankruptcy case on behalf of pensioners.
A few dozen city workers took part in a rally, Friday, in front of the Spirit of Detroit.
“I think it’s despicable… and I think every Detroit resident will also find that this action is despicable,” said Richard Mack, Jr., an attorney for AFSCME Council 25.
The city’s retirement system is underfunded by $3.5 billion
An Oakland County community could become one of the first in the state to issue bonds to pay for retiree pensions or health care.
A judge has upheld most aspects of a new law requiring Michigan public school employees to pay more for their pensions.
A judge has temporarily blocked full implementation of a new law requiring Michigan public school employees to pay more for their pensions.
Long-sought changes to the state public school employees’ retirement system have been delayed by weeks.
Good, hard-working Americans shouldn’t be forced to contemplate leaving their chosen profession as they are with federal laws such as Obamacare.