Den of the Cyphered Wolf

Thursday, July 18, 2013

Finances of Southfield Police and Fire Retirement Fund

At the May 20, 2013 Southfield City Council meeting the Council expressed concerns about the financial investment losses in the city's fire and police retirement fund. Councilman Fracassi in particular stating that making up the difference in the system comes from tax payer dollars.

Correction: An earlier version of this post cited a number and upon reflection I think I might be confused about said number but I thought the information I had was still worth posting.

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