Proposed cuts to Detroit pensions
General Retirement System members* | All Retirees | New Retirees | ||||
---|---|---|---|---|---|---|
(nominal $) | (real $) | (nominal $) | (real $) | |||
Prototypical male worker who retires at 60 and dies at 81 | 24% | $126,595 | 22% | $76,205 | $155,010 | $105,710 |
Prototypical female worker who retires at 60 and dies at 85 | 28% | $181,461 | 25% | $105,509 | $222,191 | $140,209 |
Police and Fire Retirement System members** | All Retirees | |||||
(nominal $) | (real $) | |||||
Prototypical male worker who retires at 55 and dies at 82 | 16% | $181,683 | 14% | $107,604 | ||
Prototypical female worker who retires at 55 and dies at 86 | 18% | $251,847 | 16% | $137,780 |