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As the public sector deals with the fourth year of the economic downturn, the most common retirement plan changes for new hires is to increase age and service requirements for normal retirement and reduce pension benefits.
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Detroit Water and Sewerage Department workers, members of AFSCME Local 207, risked jail time by continuing their strike at a wastewater treatment plant in southwest Detroit.
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For the second year in a row, raises are up and pay cuts are down. But salaries and benefits are nowhere near 2008 levels — and may never be.
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Paying more for fewer benefits is business as usual in this economy.
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