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Concerns about digital-asset contagion climbed to FTX, Molnar wrote in County Employees Retirement System, holds.
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Crypto currency detroit police and fireman pension fund | All rights reserved. Houston's experiment, which fund managers touted as the first announced direct purchase of digital assets by a U. The U. Program Schedule Station Directory. But the recent crypto meltdown has prompted a larger question: For pension funds that ensure teachers, firefighters, police and other public workers receive guaranteed benefits in retirement after public service, is any amount of crypto investment too risky? Search Clear. |
Crypto currency detroit police and fireman pension fund | The police and fire pension system had adopted a year repayment plan, which would begin July 1. The plunge in prices for Bitcoin and other cryptocurrencies in recent weeks provides a cautionary tale for the handful of public pension funds that have dipped their toes in the crypto pool over the past few years. The amortization period essentially establishes the time frame for when the city's unfunded liability for pensions would be expected to be paid. Officials from fund and the union didn't respond to multiple requests for comment. Crypto plunge is cautionary tale for public pension funds. On Monday, U. |
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Texas Man Dies in Police Custody After Suddenly Throwing Up in Interrogation RoomDetroit Mayor Mike Duggan's administration filed a lawsuit to extend pension payments over a year period instead of 20 years. A lawsuit has been filed about infighting over pay with the Detroit Police and Fire Pension Board. The board is battling with the investment. Police and Fire Retirement System of the City of Detroit, Plaintiff, v. Rosemary A. Crane, et al., Defendants. Lionel Z. Glancy, Casey Edwards.