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View Diary: There's Good News and Bad News for Detroit Pensioners (42 comments)

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  •  thanks JeffW (4+ / 0-)

    that's usually the problem -- for local govt workers:

    these pension plans are offered in exchange for Social Security FICA deductions.

    same thing going on here in Oregon for FERS and CSRS,

    if I understand what locals have told me.

    Often your Pension is your Lifeline --

    and currently the Municipal version of Pensions has no Federal Guarantee to back them.

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