Tag: the bankruptcy of Detroit
![Detroit City Skyline at Sunrise](https://crr.bc.edu/wp-content/uploads/2023/07/Detroit-City-Skyline-at-Sunrise.jpeg)
If benefits are to be cut, cut them fairly. 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…
![Cropped view of police officer](https://crr.bc.edu/wp-content/uploads/2022/11/state_and_local_pensions_6.jpg)
The brief’s key findings are: Media stories suggest – especially since the bankruptcy of Detroit – that pensions are the major expense of American cities and could lead to widespread collapse. A comprehensive measure of the cost burden considers how much city taxpayers pay for the pensions of city and county general government workers and teachers. For…