Tag: pension plans
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City’s financial peril thwarted with $220 million boost from State coffers
By Tom Travis An infusion of $220 million into the city’s coffers from the State Treasury will give enduring relief to the city’s finances. On July 6, Mayor Sheldon Neeley announced the City of Flint will receive $220 million from State budget allocations to fund the city’s pension costs. That allocation is part of the…
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Kildee promotes legislation to increase, strengthen Social Security in local roundtable
By Jan Worth-Nelson Nobody should live in poverty because they’re old, Congressman Dan Kildee declared to a group of about 35 community leaders today in Flint, and no one around the table disagreed. But pension systems and Social Security as they function today for many elderly are not adequate and need strengthening, Kildee said. Among…
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