Fund Lost Value News Today

140 million for transit improvement 100 million for urban decay and 30 million to help police and firefighters. it came after detroits internal watchdog identifying the stays pension plans as a major culprit in the financial problems. the citys municipal pensions exceeded legal limits in real estate investments and at times rewarded retirees more than 20 percent return even if the fund lost value. the stays bigs pension funds had questionable interest rates applied to annuities. so four top whit...