General Retirement System to host informational meetings for retirees after Detroit bankruptcy
The General Retirement System will hold two town-hall meetings on the same day — Wednesday, Dec. 17 — to provide information to employees and retirees on the impact of the Plan of Adjustment on retirement benefits from the General Retirement System. These meetings will address the loss of COLA, benefit reductions, ASF Recoupment, and the Benefit Restoration and Income Stabilization Programs.
“We are very concerned that our retirees receive all the information they need to help prepare for the economic impact they may experience when the POA goes in to effect. We will be prepared to answer their questions and have people on hand to help with the Income Stabilization Fund program applications for those retirees who may qualify,” General Retirement System Spokeswoman Tina Bassett said.
Information regarding the timeline for pension reductions and the annuity recoupment process will be discussed during the information meetings.
For more information, visit the General Retirement System of the City of Detroit website at www.rscd.org.
After power outage, closing arguments scheduled for next week in Bashara trial
Bashara is in prison for trying to have handyman Joe Gentz killed. Gentz is in prison after pleading guilty to strangling Jane Bashara.
The case returned Tuesday to Wayne County Circuit Court in Detroit, but a power outage forced the courthouse to be shut down. Closing arguments are planned for next Monday, with each side getting two hours.
The trial started in October.
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