Tagged: pensions

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Politics & Government
12:24 pm
Fri June 7, 2013

Orr to meet with creditors next week, but will the negotiations help the city avoid bankruptcy?

Credit Sarah Cwiek/Michigan Radio

Next week Kevyn Orr will be meeting with creditors to start negotiations in attempts to keep the city from going bankrupt.

According to Matt Helms of the Detroit Free Press, the negotiations will includes over 150 representatives from the city’s major creditors including national banks who hold the city’s bonds, insurers, union representatives, and pensioners.

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Politics & Government
9:02 am
Sat April 13, 2013

The week in review: taxing pensions, foreclosures and international bridge

Credit Lester Graham / Michigan Radio
The Lansing Capitol

Week in review interview for 4/13/13

This week in review Rina Miller and Jack Lessenberry discuss the possibility of repealing a tax on pensions, how Michigan's home foreclosure rate is no longer the worst, and how the international trade crossing has a presidential permit to move forward.

11:01 am
Tue November 13, 2012

Woman accused of stealing from the Detroit pension fund surrenders

Lead in text: 
Faberge eggs, Rodin sculptures, and a mountainside resort in Costa Rica. And now bribe money from a heroin dealer. The plot behind the theft of Detroit pension fund money thickens. And now that Kastenes has surrendered, more answers are likely to come.
Detroit - A fugitive businesswoman accused of stealing $5 million from a Detroit pension fund - and blowing the cash on exotic art and jewelry - turned herself in Tuesday, ending an eight-month manhunt stretching from Detroit to the Caribbean. Teresa Kastanes was escorted off the plane by agents from the Office of Homeland Security at 5:43 a.m.

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