As Detroit fell, more and more blacks moved onto the city payroll often at absurd salaries and absurd pension benifits for a city in collapse. Now they are suing to make sure that since they have bankrupted the city they get to keep the dollars they have swindled away. But should they?

If you take a job as a city financial planner at 350,000 a year and a pension payment of 250,000 a year yet still drive the city into bankruptcy, do you really deserve that outrageous pension? Private sector employess get no pension at all. So why do they deserve it? Police and Fire employees are also suing that their pensions cannot be touched. Well the money has to come from somewhere but who? Ah the white Americans who are already taxed to death holding up a broken Obama economy. Well that’s not good enough of an answer. Either all Americans should get outrageous pensions, or no one should. The system isn’t fair. It’s that simple. It’s doubly not fair when you get paid a huge pension for destroying a place.

———

Two Detroit pension funds sued the city’s emergency manager and the governor of Michigan, asking that a court find a bankruptcy filing would conflict with the state’s constitutional protection of public retirees’ rights.

The General Retirement System and the Police and Fire Retirement System of the City of Detroit filed the lawsuit yesterday in state court in Ingham County, Michigan, seeking a judgment that Governor Rick Snyder can’t authorize a bankruptcy filing that could reduce pension benefits.
Sponsored Links

Open an IRA in 15 minute…
Rollover your 401k or open and fund your IRA and get …
tdameritrade.com/retir…

Mortgage Rates Hit 2.50%…
If you owe less than $729k, you probably qualify for …
http://www.MortgageRatesExper…

SONY® Alpha NEX Cameras
Free Shipping & Exclusive Deals. Shop the Official So…
Store.Sony.com/AlphaNEX
Buy a link

The funds also sued Detroit Emergency Manager Kevyn Orr, who was appointed by Snyder in March to lead the city out of a fiscal crisis that has put it on the brink of a Chapter 9 municipal bankruptcy.

“It appears imminent that the governor will grant the emergency manager the unconditional power to proceed under Chapter 9,” pension-fund lawyers said in complaint. “The emergency manager will seek to have the city’s pension debts impaired” unless the funds accept Orr’s imposition of cuts.

Reducing payments to city retirees would conflict with a provision of the state’s constitution that bars such action, according to the suit, filed on behalf of the plans and more than 32,000 active and retired Detroit employees. Two similar lawsuits were filed by individual retirees in the same court earlier this month.
Hearing Set

A hearing on the other suits is set for July 22 in Ingham County Circuit Court in Mason.