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Today, it is only 44 percent funded. Certainly, the Great Recession took its toll on the system's investments. But that doesn't explain the bulk of the shortfall. The markets have rebounded solidly since the collapse. But Ficano continued to strain retirement resources by rewarding cronies with sweetheart deals. In the supposed name of cost-cutting, appointees of the county executive were given shockingly generous early buyout packages and allowed to purchase additional pension credits that greatly inflated their benefits.

Even if it manages to do so for 10 straight years, the system will only be returned to 70 percent funded. Undoing the damage Ficano did to the pension system will take a very long time. And it doesn't end there. Ficano and his team sited a new county jail in the heart of the downtown entertainment district, against the protests of the business community.

Then they turned their eyes away from the construction process, allowing huge cost overruns to go undetected. The unfinished concrete cell blocks amount to a political indictment of the Ficano administration. Voters delivered their verdict. Source: B to B. Source: Workforce Feb, Vol.

Office of the Comptroller of the Currency. Source: Modern Healthcare. Subjects: Chief executive officers ; Executive compensation. Source: Workforce; February , Vol. Subjects: Scarborough, Scott L. Source: Workforce Management; January 30 , Vol. Source: Marketing Tools. Subjects: California. Source: Electronic Media. Subjects: Michigan ; Wayne County Mich.

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