Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 3
pauleckler writes,

I expected that he would address the issues posed by the pending Detroit chapter 9 filing. It looks as if existing retirees are going to get crammed down on pension and lose some of their promised benefits.

Heretofore, govt jobs and pensions have been pretty reliable. People will be watching the outcome closely. Will Pension Benefit Guarantee come to the rescue? Or will they lose major benefits?


The PBGC (i.e., Pension Benefit Guaranty Corp) doesn't cover state, or other public-sector pensions. They only cover private plans that pay insurance premiums for the coverage.

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.