Detroit’s Bankruptcy Leads To Major Pension Funding Crisis

Detroit’s Bankruptcy Leads To Major Pension Funding Crisis

Date: July 20, 2015

After the largest municipal bankruptcy filing in U.S. history, the Detroit government is struggling for a solution to make payments on what is consdiered a major pension funding crisis. While the $18 billion debt sent the city into a free fall to insolvency, there is now a growing concern about unfunded pensions for retirees and […]

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