Posts Tagged ‘pensions’

Detroit retirees and city workers push back as Kevyn Orr cuts deeper

More than 400 retirees and supporters rallied in front of the Theodore Levin Federal Courthouse in downtown Detroit Tuesday, April 1, against deep cuts to pensions and healthcare set out in Emergency Manager Kevyn Orr’s bankruptcy restructuring plan. Orr’s ‘Plan of Adjustment’ for Detroit’s bankruptcy cuts the General Retirement System pension up to 34% and the Police and Fire […]


Judge allows Detroit bankruptcy: citizens protest ruling

Today, Judge Steven Rhodes announced in federal court that Detroit’s bankruptcy can move forward, making the Motor City the first of its size to go bust in U.S. history. In a surprise twist to his ruling, Rhodes also opened the door for cuts to city worker pensions as a possible way to balance the books, […]