Michigan cities and townships that provide health care for retired public workers face nearly $13 billion in unfunded costs, with half setting aside no money to cope with a bill gobbling up more of their budgets.
According to the Detroit Lions Twitter account, 12-year NFL and Detroit Lions veteran Jeff Backus is retiring.
A County Sheriff’s attorney says her plan to resolve tens of thousands of dollars in payments mistakenly made to his retirement account doesn’t involve giving back any money.
The proportion of working Americans with pensions of any kind has steadily decreased since 2001, according to a University of Michigan analysis that suggests trouble ahead for U.S. seniors.
Tuesday at Joe Louis Arena another longtime Red Wings decided to call it quits.
A judge has upheld most aspects of a new law requiring Michigan public school employees to pay more for their pensions.
Obama has been moving the needle with seniors using distorted arguments about Social Security and Medicare. Fortunately for GOP presidential challenger Mitt Romney, seniors’ top concern is the economy’s struggles under Obama and seniors have overwhelming voted Republican in the last two presidential elections.
A judge has temporarily blocked full implementation of a new law requiring Michigan public school employees to pay more for their pensions.
Newly hired Michigan public school employees would pay more for their pensions and no longer receive state-provided health coverage in retirement under legislation now headed to Gov. Snyder’s desk.
Some current and former employees will get another chance to pursue a lawsuit against Flagstar Bank over company stock in their retirement accounts.