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.
Event Notices From May 6The latest event and meeting notices from Michigan's technology-focused companies, institutions and groups
80-Year-Old Woman Has No Plans To RetireIf you are the type of person who can't wait to retire to the good life, you may be surprised meet Judy Hurd.
Former Piston Rasheed Wallace Retires Again From NBA New York Knicks forward Rasheed Wallace retired again from the NBA on Wednesday after he was unable to recover from a left foot injury.
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.
Detroit Lions Jeff Backus Set To RetireAccording to the Detroit Lions Twitter account, 12-year NFL and Detroit Lions veteran Jeff Backus is retiring.
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.
U-M Analysis: Fewer Have Retirement Funds, More Raid ThemThe 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.
Wings' Holmstrom Decides To Hang 'Em Up Tuesday at Joe Louis Arena another longtime Red Wings decided to call it quits.
Judge Upholds Most Aspects Of Teacher Benefits LawA judge has upheld most aspects of a new law requiring Michigan public school employees to pay more for their pensions.
Opinion: Despite Obama Attacks Romney Will Win The Senior VoteObama 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.
Judge Blocks Full Implementation Of Teacher Benefits LawA judge has temporarily blocked full implementation of a new law requiring Michigan public school employees to pay more for their pensions.
State Legislature Approves Changes For TeachersNewly 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.
US Court Reinstates Lawsuit Over Flagstar StockSome current and former employees will get another chance to pursue a lawsuit against Flagstar Bank over company stock in their retirement accounts.
State House OKs Changes For Public School TeachersThe Michigan House has approved legislation ending state-provided health care coverage in retirement for new teachers but not a provision forcing them into a 401(k)-style retirement plan.