pensions

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Wayne County Ends Practice Of 13th Check For Retirees

The move aims to reduce the county’s underfunded pension liability.

WWJ Newsradio 950–06/18/2015

A view of Downtown Detroit looking south on Woodward Avenue is shown July 19, 2013 in Detroit, Michigan. Detroit's emergency manager Kevin Orr filed for Chapter 9 bankruptcy July 18, 2013 making Detroit the largest city to file for bankruptcy in U.S. history. (Photo by Bill Pugliano/Getty Images)

Detroit Taxpayers Could Be Given Option To Support City Retirees

Jones is asking the city’s pension board to explore putting a check-off box on tax forms to help retirees who took a hit during the Detroit bankruptcy proceedings.

CBS Detroit–04/13/2015

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Michigan Supreme Court Upholds Teacher Retirement Changes

Those hired from 1990 to June 2010 are paying 7 percent to keep their pension intact …

CBS Detroit–04/08/2015

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Financial Help Available For Detroit Retirees Hit With Pension Cuts

Gov. Rick Snyder reminds low-income Detroit pensioners that they have until the end of the year to apply for special assistance.

WWJ Newsradio 950–12/16/2014

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Detroit Pension Cuts Expected By March 1

Detroit’s main pension fund plans to hold public meetings in early December to discuss upcoming cuts and an opportunity for retirees to apply for financial help.

WWJ Newsradio 950–11/24/2014

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Bond Insurers Vow To Fight Detroit Financial Plan

Companies that insure Detroit bonds and stand to lose millions repeated a pledge to aggressively challenge the city’s bankruptcy plan, a day after retirees endorsed pension cuts and qualified for a bailout led by the state.

WWJ Newsradio 950–07/22/2014

Detroit's former Emergency Manager Kevyn Orr. (Photo by Bill Pugliano/Getty Images)

Detroit Retirees Vote In Favor Of Pension Cuts

A judge still must hold a trial to determine if Detroit’s overall bankruptcy plan is fair and feasible, but support from retirees is vital.

WWJ Newsradio 950–07/21/2014

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Detroit Due To Report Results From Pension Vote In Bankruptcy Court

The city of Detroit promised to report the results of voting on pension cuts Monday but declined to disclose the numbers during a morning bankruptcy hearing.

WWJ Newsradio 950–07/21/2014

(Credit: Bill Pugliano/Getty Images)

Critical Pension Deal Put Before Detroit Employees

While there are many moving parts to the restructuring, the pension agreement is viewed as a centerpiece.

WWJ Newsradio 950–05/12/2014

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Bills Pending Propose $195M State Lump Sum Payment To Detroit

“Kevyn Orr is in the governor’s office right now, calling in individual lawmakers, trying to explain why they need to vote yes,”

WWJ Newsradio 950–05/08/2014

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