News

Detroit Far From Alone In Facing Pension Troubles

March 13, 2014

One of the most contentious issues in Detroit’s bankruptcy process is how to fund – or cut – pension obligations. But Detroit is far from alone. Renowned investor Warren Buffet calls pension obligations a tapeworm eating into municipal finances nationwide. Recently Bloomberg examined how governments are trying to pay pension bills. WDET’s Quinn Klinefelter talked about it with Bloomberg journalist Jennifer Oldham…