detroit pension

8:18 pm
Tue December 3, 2013

Unions, retirees plan for appeal of Detroit bankruptcy ruling

Bankruptcy judge Steven Rhodes ruled Tuesday that Detroit's bankruptcy process can proceed
While activists who fear cuts to retiree pensions protested outside the courthouse, U.S. Bankruptcy Judge Steven Rhodes on Tuesday found Detroit eligible for bankruptcy and gave the city the go-ahead to pursue adjustments to retirement benefits as part of its restructuring plan, despite pensions being explicitly protected by the state constitution.