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GRS Aware of Estimated Shortfall Payments

Posted on: Wednesday, February 24, 2016

DETROIT – February 24, 2016 – The following statement may be attributed to Tina Bassett, spokesperson for the Board of Trustees, General Retirement System of The City of Detroit:

“We are fully aware of the estimated pension shortfall and have had and will continue to have in-depth conversations with the City.

“In that regard, the City has consistently articulated assurances of their commitment to pay the pension fund all of the money we are due according to the POA.

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