Audit: Real estate investments cost Detroit pension funds more than $144 million over two years | Crain's Detroit Business:
"The report also found "disconcerting administrative protocols for the handling of employee health care and other benefits," according to a news release.
The audit also found that 13 percent of the city's unemployment compensation claims processed between July 2011 and March 2013 were "likely fraudulent."
In addition, there were questionable interest rates applied to GRS annuities and overtime pay included in the average final compensation calculation, the report's executive summary says."
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