Deal Reached on Detroit Pensions

9:40 pm
Tue April 15, 2014

Deal Reached on Detroit Pensions

Lead in text: 
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.