Watch CBS News

Police Nearing Contract Amid Detroit Bankruptcy

DETROIT (AP) — Detroit and a union representing police officers are moving toward reaching a multi-year contract agreement as part of talks during the city's bankruptcy case.

Federal mediators announced an agreement Tuesday night with the Detroit Police Officers Association on "important core economic terms" that would become part of a possible five-year contract. The agreement covers wages, health care, retention payments and pensions.

Details weren't released. Mediators say the city and union plan to continue negotiations.

Many other Detroit unions have reached contract deals. Talks are ongoing with firefighters.

The announcement comes as ballots submitted by city retirees by Friday could determine how quickly Detroit exits its bankruptcy and how much of a financial weight pensioners will bear. Mediators say the police union will urge its members to support the bankruptcy plan.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.