Detroit pensions

6:47 pm
Mon December 22, 2014

State Gives Final Settlement to Detroit's "Grand Bargain"

Michigan Settlement Administration Authority is not expected to meet again
LANSING – Detroit's two pension funds are expected to receive the state's grand bargain bankruptcy contribution of $194.8 million on Feb. 9 after a state panel gave final approval to the payments on Monday.
9:33 pm
Sun July 13, 2014

A Year Into Detroit Bankruptcy, October Exit Looks Realistic

Pensioners appear to have backed "grand bargain"
One year into bankruptcy, a grand coalition emerges to move Detroit forward The grand bargain to help resolve Detroit's bankruptcy has given birth to a grand coalition - with pensioners and unions backing the city's sweeping restructuring plan.
1:36 pm
Wed May 21, 2014

State Funding to settle Detroit Bankruptcy Moves to House Floor

The state Would dedicated $195-million to Detroit and create a panel to over the city's finances
LANSING, MI -- Michigan is one step closer to consummating a " grand bargain" designed to facilitate Detroit's exit from bankruptcy, minimize pension cuts for retirees and protect prized works at the Detroit Institute of Arts.
8:23 am
Fri April 25, 2014

Bolger Wants Contribution From Unions for Detroit "Grand Bargain"

In interview, House Speaker from Marshall says other parties are at table, unions need to be there too
Dome: "Where did the idea of Unions contributing to the pension bailout come from?"Speaker Bolger: "Last week I restated my longstanding request that the unions join us at the table to help resolve the bankruptcy in Detroit. I am limited somewhat by what I can talk about from private conversations.
9:40 pm
Tue April 15, 2014

Deal Reached on Detroit Pensions

Agreement is part of larger deal to get city out of bankruptcy
Sterling Heights Retired Detroit police and firefighters would get no cut in their pension and a smaller annual cost-of-living increase under a new deal their retiree association approved Tuesday. The Retired Detroit Police and Fire Fighters Associations board voted unanimously Tuesday to support the citys latest offer to settle their claim in the bankruptcy, association president Donald Taylor said.