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comment by cliffelam
cliffelam  ·  4108 days ago  ·  link  ·    ·  parent  ·  post: Detroit's Pension Madness

Well, the pension guarantee board is going to catch all those people, I think, but I'm just hoping I don't have to pay for it with additional taxes.

Messy.

-XC





b_b  ·  4108 days ago  ·  link  ·  

Doesn't the pension guarantee board not apply to public sector workers?

cliffelam  ·  4108 days ago  ·  link  ·  

I didn't think they were all public sector? But I admit to reading it hurriedly on my phone, so you are probably right.

Well, on to Medicare/Medicaid....

-XC

b_b  ·  4108 days ago  ·  link  ·  

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).

cliffelam  ·  4108 days ago  ·  link  ·  

Well, the subsidies will help the city for part of their costs for current employees, but since most retirees are on Medicare, it won't have much impact on the retiree cost.

-XC