Detroit pensions

6:23 am
Wed January 22, 2014

Snyder expected to announce plan on Detroit Institute of Arts, city pensions

Lead in text: 
Governor had proposed a $350-million commitment from state. No details of potential deal released
LANSING - Gov. Rick Snyder met Tuesday with leaders of the Legislature in an attempt to reach a state funding deal to protect Detroit pensioners and the Detroit Institute of Arts collection from ongoing Chapter 9 bankruptcy proceedings in Michigan's largest city.
12:30 pm
Mon December 16, 2013

Detroit bankruptcy judge allows appeal of eligibility and pension rulings

Lead in text: 
Judge Stephen Rhodes did not act on request o fast-track appeals
U.S. Bankruptcy Judge Steven Rhodes today allowed appeals of two of his critical rulings — finding Detroit eligible for bankruptcy and its pension systems subject to cuts to retirees — to proceed to the U.S. 6th Circuit Court of Appeals.
1:15 pm
Tue December 3, 2013

Judge rules Detroit eligible for bankruptcy

Lead in text: 
Ruling could clear way for cuts in pensions
The city of Detroit today officially became the largest municipality in U.S. history to enter Chapter 9 bankruptcy after U.S. Bankruptcy Judge Steven Rhodes declared it met the specific legal criteria required to receive protection from its creditors.
6:37 am
Tue December 3, 2013

Detroit retirees await bankruptcy ruling

Lead in text: 
Unfunded retiree health care costs make up $5.7-billion of Detroit's $18.5-billion in long term debt
Brandon, Fla.- Bill Larsen used to walk Mack Avenue on midnight patrols. Now, he walks with a cane. Marv Kammer wore plain clothes for the Detroit Police Censor Bureau, ensuring burlesque dancers didn't go too far. Now, he wears a back brace. The retired Detroit police officers gather once a month in Florida to reminisce about the past.
9:04 pm
Sun August 4, 2013

Attorney General Schuette defends involvement in Detroit bankruptcy

Lead in text: 
Has filed motion saying state Constitution protects pensions of city retirees
Detroit- Michigan Attorney General Bill Schuette is defending his involvement in Detroit's historic bankruptcy filing after city attorneys expressed confusion in court about his role in the case. In an interview Saturday, Schuette said he sees no conflict of interest.