Are Detroit City Retirees Being Taken Advantage Of?

And if they are, do the unions care?

The Detroit Free Press finds some very suspicious behavior on the Detroit pension boards: records destroyed, perks taken advantage of. One Detroit-area attorney wielded considerable clout in terms of how the boards functioned and was compensated handsomely for it — at one point earning $260,000 on a $1 investment.

A question comes to mind. The boards operate with little in the way of oversight. These pensions were negotiated by city employee unions, and the funds are supposed to be used to provide for their members’ retirement.

This wouldn’t be the first time Detroit city employee unions turned a blind eye toward graft. Did the unions ever register any protests about how the boards operated? I don’t recall them raising the issue, but stand open to being corrected if in fact they did.

Stay Engaged

Receive our weekly emails!

~~~~~

Related Articles:

Raising the Minimum Wage

Friedman Legacy Day

Planning for Life Workshop – Suttons Bay, MI

Planning for Life Workshop – Grand Rapids, MI

The Boundaries of Educational Choice: Surveying Michigan's Private School Landscape

Detroit Charter Schools Spend Way Less Money and Get Way Better Results