Monday, July 22, 2013

All They Have

I don't know what the full breakdown of who does/doesn't have Social Security among Detroit's current/future retirees, but plenty don't.

But the average pension benefit in Detroit is not especially high. The average annual payment is about $19,000, said Bruce Babiarz, a spokesman for the pension funds. And it is about $30,000 for retired police officers and firefighters, who do not get Social Security benefits, he said.