Comments on: Detroit’s 10 cents-on-the-dollar meme http://blogs.reuters.com/muniland/2013/06/14/detroits-10-cents-on-the-dollar-meme/ Bridges, budgets, bonds Mon, 24 Nov 2014 00:29:08 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: realist50 http://blogs.reuters.com/muniland/2013/06/14/detroits-10-cents-on-the-dollar-meme/comment-page-1/#comment-2254 Thu, 20 Jun 2013 00:39:16 +0000 http://blogs.reuters.com/muniland/?p=12761#comment-2254 Detroit’s previously stated pension funding is based on an assumed 8% rate of return. That is ridiculously high in the current interest rate environment. They’ve basically cooked the books on the pension plans.

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