A court filing has revealed details of nearly $1 billion in payouts known as the 13th check from a Detroit retirement system.
Detroit ranks surprisingly high, number 2 out of 30, on an index of retirement readiness that according to Ameriprise Financial.
If you’re thinking about retiring you might be happy to learn you can do it online now.
The report says spending was “effectively robbing” pension funds and contributed to a “significant underfunding” of the funds.
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.
Kevyn Orr has ordered a fraud and corruption investigation into the police and fire pension fund and general employee pension fund.
Emergency Manager Kevyn Orr is reportedly prepared to take Detroit into federal bankruptcy court if the city’s 30,000 employees and retirees refuse the reduced payouts.
The latest event and meeting notices from Michigan’s technology-focused companies, institutions and groups
If you are the type of person who can’t wait to retire to the good life, you may be surprised meet Judy Hurd.
New York Knicks forward Rasheed Wallace retired again from the NBA on Wednesday after he was unable to recover from a left foot injury.