
IPFS News Link • Economy - Economics USA
Detroit, Fresh Out of Bankruptcy, Discovers $195M Pension Shortfall
• https://mishtalk.com, by mishgeaRegardless, everything was supposed to be fixed. It wasn't.
Please consider Detroit Picks Firm to Help Fix $195M Pension Shortfall.
Detroit is closer to figuring out how to address a hole in pension funding that is far larger than it had anticipated when it exited from bankruptcy.
The city in March put out requests for proposals seeking national firms with expertise in public pension plans to advise the city on how best to address a $195-million payment to the city's two pension plans that comes due in 2024, under terms of the city's exit from the nation's largest Chapter 9 municipal bankruptcy.