Wednesday, May 21, 2014

The "cancer" is defined benefit pensions for employees. If they don't excise it, Detroit dies. Again.--------Duggan tells Lansing he's OK with city oversight but wants changes in bills

Duggan tells Lansing he's OK with city oversight but wants changes in bills | Detroit Free Press | freep.com: "It doesn’t address a bill that would require new employees to go into 401(k)-type retirement plans instead of the traditional defined-benefit pension plan. 
That provision got the support from Duggan, who noted that those retirement benefits were the norm when he worked for Wayne County and the Detroit Medical Center.
The provision, however, troubled unions because the language differed from recent agreements reached with the emergency manager."

No comments: