RSCD News & Media Room

Current News That May Interest You:

Last call for retirees to collect health funds

Wednesday, March 16, 2016

Time is running out for thousands of city retirees who are eligible to recoup millions in out-of-pocket costs for medical co-pays and prescriptions they paid for last year. Read More »

Wayne Co. weighs increase to some retirees’ health care

Tuesday, March 15, 2016

Wayne County’s commissioners on Tuesday voted to forward a proposal that would increase how much retirees pay for their health care. Read More »

Petition would cut Wayne County commissioners' salaries

Monday, March 07, 2016

Wayne County commissioners would have their pay cut by more than half, and anyone working for the county who makes at least $2,000 a year — including contractors — would be prevented from collecting a county pension at the same time under proposed petition language that seeks to change t... Read More »

Lester ready to add riverfront 'jewels' to Detroit development portfolio

Sunday, March 06, 2016

Matt Lester plans to buy a big part of a 25-acre mixed-use riverfront development that would add 301 apartments and a 67,000-square-foot office building to his greater downtown real estate portfolio. Read More »

Bomey: 2016 Candidates Can't Ignore Detroit Bankruptcy Lessons

Friday, March 04, 2016

National politicians shouldn't ignore the lessons of Detroit’s historic bankruptcy when it comes to the potentially crippling effects of out-of-control debt, writes Nathan Bomey, a former Free Press reporter now at USA Today. Read More »

GRS Aware of Estimated Shortfall Payments

Wednesday, February 24, 2016

“We will continue to monitor the situation and work closely with the City to ensure all obligations and payments are met.” Read More »

$491M pension shortfall looms, Duggan says

Wednesday, February 24, 2016

Mayor Mike Duggan offered a mix of good and bad in his third State of the City address Tuesday night. Read More »

Your best financial adviser? Start with your employer

Sunday, February 21, 2016

When I attempted to become a financial planner years ago, I realized that a successful adviser has to be a good salesperson first and an educator and adviser second. Read More »

Commissioner questions pension board authority

Thursday, February 18, 2016

Concerns about who is in charge of Wayne County's underfunded pension system were on stark display as commissioners debated a reorganization plan for the system's board that is part of a federal legal case. Read More »

Federal prosecutors want former Detroit pension fund trustee Paul Stewart to pay more than

Tuesday, February 09, 2016

$16.8 million in restitution to the victims of his crimes, including pensioners, beneficiaries and employees who paid into Detroit’s retirement system. Read More »

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