Monday, October 28, 2013

The first of many public union pension collapses. Someone is gonna get screwed BIG TIME--------Snyder addresses pensions and state's obligations in bankruptcy testimony

Snyder addresses pensions and state's obligations in bankruptcy testimony | Crain's Detroit Business:
"But he added that he has never in that time suggested to Orr that any state funding was available to assist Detroit with its estimated $3.5 billion in unfunded pension obligations, should the federal court find those are not protected."

No comments: