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There's some speculation that this style of "management" (if you can even call it that) is likely illegal and could potentially make the whole pension system subject to federal income tax. Bigmess alright.
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Yeah this is the city of Detroit pension plan they've been stealing from for years. It was discovered by an internal audit performed by the emergency manager. His plan is basically to leverage Obamacare to help the city financially (thought you'd like that tidbit).