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Quote from: ben ji on July 31, 2013, 08:26:45 AMQuoteWhile the average pension is $30,000 for public safety and $19,000 for other municipal workers, these figures are skewed by workers who retire early with reduced benefits or on disability. A quarter of retired officers receive disability pensions, which pay two-thirds of salary. Fifty-four retirees are under the age of 20 and earn pensions that average $23,300, according to a 2011 actuarial report.WTFAlsoQuoteThe actuaries mention as a footnote that the retirement tables "may include records with defective birth dates." Detroit's pension funds, like most of its municipal agencies, keep sloppy records. About 70% of the city's financial journal entries are booked manually. http://online.wsj.com/article/SB10001424127887324783204578624161224137252.html
QuoteWhile the average pension is $30,000 for public safety and $19,000 for other municipal workers, these figures are skewed by workers who retire early with reduced benefits or on disability. A quarter of retired officers receive disability pensions, which pay two-thirds of salary. Fifty-four retirees are under the age of 20 and earn pensions that average $23,300, according to a 2011 actuarial report.WTFAlsoQuoteThe actuaries mention as a footnote that the retirement tables "may include records with defective birth dates." Detroit's pension funds, like most of its municipal agencies, keep sloppy records. About 70% of the city's financial journal entries are booked manually. http://online.wsj.com/article/SB10001424127887324783204578624161224137252.html
While the average pension is $30,000 for public safety and $19,000 for other municipal workers, these figures are skewed by workers who retire early with reduced benefits or on disability. A quarter of retired officers receive disability pensions, which pay two-thirds of salary. Fifty-four retirees are under the age of 20 and earn pensions that average $23,300, according to a 2011 actuarial report.
The actuaries mention as a footnote that the retirement tables "may include records with defective birth dates." Detroit's pension funds, like most of its municipal agencies, keep sloppy records. About 70% of the city's financial journal entries are booked manually.
the fact that they transfer a million dollars with a physical paper check is more crazy than that they put it in a drawer for a month.
Quote from: sys on August 09, 2013, 05:57:01 PMthe fact that they transfer a million dollars with a physical paper check is more crazy than that they put it in a drawer for a month.Uh, no
Not sure you guys understand how these check are "written". The fact that the procedures Detroit had in place to accept regular payments resulted in a guy to puttingt a million dollar check in a drawer and forgetting about it is unfathomable.
Quote from: Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!) on August 11, 2013, 03:23:12 PMNot sure you guys understand how these check are "written". The fact that the procedures Detroit had in place to accept regular payments resulted in a guy to puttingt a million dollar check in a drawer and forgetting about it is unfathomable.It is absolutely one of the crazy things you can imagine. Then you think about the fact that there is a pretty good amount of circumstantial evidence that points to former mayor Kwame Kilpatrick hosting a party with strippers and cocaine at the mayor's mansion and then later ordering a hit on one of the strippers (with police carrying out the hit) in order to keep her quiet.
Quote from: Kat Kid on August 11, 2013, 04:06:41 PMQuote from: Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!) on August 11, 2013, 03:23:12 PMNot sure you guys understand how these check are "written". The fact that the procedures Detroit had in place to accept regular payments resulted in a guy to puttingt a million dollar check in a drawer and forgetting about it is unfathomable.It is absolutely one of the crazy things you can imagine. Then you think about the fact that there is a pretty good amount of circumstantial evidence that points to former mayor Kwame Kilpatrick hosting a party with strippers and cocaine at the mayor's mansion and then later ordering a hit on one of the strippers (with police carrying out the hit) in order to keep her quiet.They need to make a movie about that guy. Would watch
Let me just say that Ann Arbor appears to be doing great. Much better than Detroit.