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Detroit’s Police and Fire Retirement System and the city of Detroit agreed that the city will catch up on ... certainty with a court-ordered resolution," according to the pension system news ...
A former employee of the Retirement Systems of the City of Detroit is the target of a Michigan State Police probe into theft involving prepaid cards. File: Spirit of Detroit on Sunday, Aug. 21, 2022.
Detroit City Council adopted a $2.7 billion budget minutes before the deadline, ... $21.9 million for legacy pensions based on a 30-year amortization. ... In Other News. Entertainment. Entertainment.
Details from the Detroit bankruptcy filing. The city of Detroit, Michigan, filed for Chapter 9 bankruptcy on July 18, 2013. It is the largest municipal bankruptcy filing in U.S. history by debt, estimated at $18–20 billion, exceeding Jefferson County, Alabama's $4-billion filing in 2011. [1]
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A struggling union pension fund for more than 22,500 metro Detroit carpenters and millwrights is getting a $635 million federal bailout, saving retirees from big cuts to their pension checks next ...
He remained eligible to collect his police pension. [16] Hart was sentenced to the maximum penalty allowed by law, 10 year's prison, for graft, in August 1992; he was 68 years old at the time. [4] Hart was ordered to pay back $2.34 million. [13] Hart served only seven years in jail, [17] and was released in 1999. [18]
A 2008 Detroit Free Press article revealed that at any given time there were about 100 Kilpatrick appointees were employed with the city. The Detroit Free Press examined city records and found that 29 of Kilpatrick's closest friends and family were appointed to positions in various city departments. This hiring practice came to be known as 'the ...