Tag: Police and Fire Retirement System
At a recent meeting, a colleague asserted – with great assurance – that we need very different pension plans for different types of workers, because firefighters die two years after they retire while teachers live for 20 years. I was intrigued because, although we have not done much work on police and firefighter pension plans,…
Public employees in Detroit are looking at the prospect of substantial cuts in their pension benefits – not cuts to future benefits but actual reductions in the amount that retirees are currently receiving and current workers have earned to date. As a rule, I hate to see such cuts. People have accepted jobs on t…
