RSCD News & Media Room

Current News That May Interest You:

Detroit retirees: No easy answers on clawback

Friday, January 16, 2015

Imagine Steve Wojtowicz's start to the year: Does the city of Detroit retiree hand over $89,000 in a lump sum in the city's historic bankruptcy? Or does he watch $600 a month get deducted from his pension check to cover money owed back to the city from an annuity savings plan? Read More »

Advisers cut millions in Detroit bankruptcy bills

Friday, January 16, 2015

Investment bank Lazard, which advised retiree negotiators during Detroit's bankruptcy, slashed about $3 million off its bill, according to a court filing today. Read More »

Detroit retiree firm defends pay, says it ate $6M bonus

Friday, January 16, 2015

A firm representing city retirees during Detroit's landmark bankruptcy its fees Thursday, saying it ate a $6 million bonus that was promised if the city successfully exited bankruptcy court. Read More »

Boomers grapple with retirement strategies

Friday, January 16, 2015

At 64 years old, Bob Mock has worked as a self-employed skating instructor for nearly 40 years, and he has no plans to slow down. Read More »

Detroit retirees: How to check on your savings plan

Friday, January 16, 2015

Detroit retirees who were in the Annuity Savings Plan and are having trouble with settling their accounts can try to get answers the following ways Read More »

Governor Snyder Signs Off On Ending Detroit’s Emergency Service Status.

Wednesday, December 10, 2014

The Governor’s announcement marks the end of the city’s financial crisis and signals the official end of its bankruptcy as early as this week. Read More »

General Retirement System of The City of Detroit to Host Post-Bankruptcy Informational Meetings For Retirees

Monday, December 01, 2014

DETROIT, MI – Dec. 2, 2014- The General Retirement System will hold two town-hall meetings on the same day – Wednesday, Dec. 17, 2014 – to provide information to employees and retirees on the impact of the Plan of Adjustment on retirement benefits from the General Retirement System. These meetings... Read More »

City of Detroit Pensioners May Apply for Aid Through Income Stabilization Benefit Program

Monday, December 01, 2014

State of Michigan, the Retirement Systems for the City of Detroit, the Michigan Association of CPAs and the Accounting Aid Society Work Together to Provide Information, Aid to Pensioners DETROIT, Mich. – Dec. 2, 2014 – A program aimed at providing supplemental pension payments to qualified retire... Read More »

Deal puts pension funds on stronger footing

Friday, November 14, 2014

Michael Van Overbeke wants to stress one point when it comes to the role of city pensions in Detroit's bankruptcy: The problem was the city's inability to make its scheduled pension payments, not the performance of the pension funds themselves.   Read More »

Judge OKs bankruptcy plan; a 'miraculous' outcome

Friday, November 07, 2014

A federal judge today approved a plan to end Detroit's historic Chapter 9 bankruptcy, giving the Motor City an unprecedented shot at recovering from decades of economic despair and municipal mismanagement that left the city awash in debt and struggling to provide basic public services. Read More »

Page 7 of 9First   Previous   2  3  4  5  6  [7]  8  9  Next   Last