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Why Social Security Won’t Bail Out Many Detroit Workers
The bankruptcy of the city of Detroit has turned the spotlight on the fate of thousands of current and former city workers whose pensions and health benefits are now potentially at risk of disappearing. Yet many Americans don’t understand the full importance of the loss of those pension benefits, as they erroneously believe that Social Security will step in to provide at least a baseline level of subsistence income for workers affected by Detroit’s bankruptcy. Read more.
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