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pensions

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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 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

(credit: istock)

Detroit Expecting $195M Lump Sum From Michigan

The details were in Detroit’s latest strategy plan filed Monday.

WWJ Newsradio 950–05/05/2014

(credit: Marisa Fusinski/WWJ)

Detroit Emergency Manager Meets With Lawmakers On Detroit Bankruptcy

Kevyn Orr is in Lansing updating lawmakers on the city’s bankruptcy as they consider a potential vote on a financial bailout to help Detroit emerge from insolvency.

WWJ Newsradio 950–04/29/2014

Mich. Gov. Rick Snyder (Credit: Bill Pugliano/Getty Images)

Gov. Snyder Won’t Endorse Demand That Unions Pitch In For Detroit Pensions

“We didn’t have that on our list of conditions,” the governor told reporters in Lansing Wednesday.

WWJ Newsradio 950–04/23/2014

(Credit: Bill Pugliano/Getty Images)

Detroit Pension Fund Supports 4.5 Percent Cut For Non-Uniformed Retirees

Trustees meeting Wednesday supported a deal reached Tuesday between negotiators and the city of Detroit.

WWJ Newsradio 950–04/16/2014

Detroit Still Needs $350M From State Lawmakers

Pressure is building for Michigan lawmakers to commit $350 million to Detroit pensions after the bankrupt city.

WWJ Newsradio 950–04/16/2014

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