GM To Sell Long-Term Notes To Make Pension PaymentGeneral Motors plans to sell 20- and 30-year notes to make a payment on its huge U.S. pension obligation for hourly workers.
Records: Detroit Public Schools $53 Million Behind On Pension PaymentsThe cash-strapped district is paying $7,600 a day in interest penalties alone.
School Psychologist Loses Appeal Over PensionIrla, 64, of Royal Oak said he didn't know about the restriction and even reported his mistake to the state. He was hired by a private agency, Therapy Solutions Unlimited, to work at charter schools during the 2010-11 school year.
Voting Results On Pension Cuts By City Employees And Retirees Expected TodayMore than 30,000 retirees and current and former workers were eligible to vote on pension changes.
Judge Will Hear Objections From The Public On Bankruptcy Plan"This judge wants everybody in Detroit that has an objection to the city's plan to get out of bankruptcy come to court and prove the case," WWJ's Charlie Langton said.
Detroit Pensioners On The Clock To Decide Fate Of 'Grand Bargain'Thousands of Detroit retirees and city employees must have their ballots on the city's plan of adjustment in the bankruptcy case turned in this week.
Detroit Pensioners On The Clock To Approve 'Grand Bargain'Retirees supporting the plan used the bill-signing ceremony to urge pensioners to vote yes on the deal.
Detroit EM Orders Investigation Into Pension FundsKevyn Orr has ordered a fraud and corruption investigation into the police and fire pension fund and general employee pension fund.
Detroit EM Team Discusses Reduced Pension Payouts With UnionsEmergency 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.
Judge Denies Lifetime Medical Benefits To Turkia MullinWayne County Circuit Court Judge Maria Oxholm ruled that Mullin doesn't qualify for the benefits because she did not work for Wayne County for eight years.
Detroit Pension Funds Foot Bill For Trustees' Hawaii TripFour trustees of Detroit's two reportedly underfunded public pension funds are expected to travel this weekend to a Hawaiian resort for a conference, with the $22,000 tab paid for by the funds.
No Prison For Michigan Woman In NFL Pension FraudThe Detroit-area daughter of an ex-Chicago Bears player has been sentenced to six months in a halfway house for collecting about $70,000 from an NFL retirement fund after her dad died.
Mich. Woman Faces Sentence For NFL Pension FraudProsecutors are recommending no prison time for an Oakland County woman who forged her late father's signature and collected about $70,000 from an NFL pension plan.
Study: Cities Have $12.7B In Retiree Health CostsMichigan 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.
Sheriff Seeks To Settle Retirement Payment IssueA 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.