Pension Wars
Detroit Freezes Pensions, Ditches Defined-Benefit Plans
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  • Peripatetic

    “Given Detroit’s dismal finances and our stated preference for defined-benefit pensions…”

    Perhaps we need a MOOC on proofreading?

  • Gene

    You mean your preference for defined contribution plans, right?

  • Pete

    Pity the police and firemen were exempt. Although they might think otherwise, the are not privileged characters.

    • TommyTwo

      Pipe down, civilian.

      [/sarc]

      • Pete

        If you say so “master.”

  • Jim__L

    High expectations meet falling capacity — it’s always ugly.

    Hm, “we see this more as a potential boon for future city employees”… that’s tremendously euphemistic of you. I think the only way to get hold of a “boon” for future employees would be for the courts to put the previous employees in the same position as those future employees, considering those “future employees” will always have their expectations curtailed by overgenerous promises.

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