pensions

(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

Judge Approves Detroit Swaps Deal With 2 Banks

The $85 million “swaps deal” is a key to Emergency Manager Kevyn Orr’s plan to restructure Detroit’s overwhelming debt.

WWJ Newsradio 950–04/11/2014

istockphoto

Detroit Retirees See Pension Cut Plan As Divisive

Creditors have until June 30 to vote on the plan, which — according to some — pits retirees against each other.

WWJ Newsradio 950–03/17/2014

(Credit: Bill Pugliano/Getty Images)

Detroit To File $85 Million Deal With Banks

The city of Detroit has reached yet another tentative agreement to settle a pension debt with lenders.

WWJ Newsradio 950–03/04/2014

Union: Detroit Restructuring Plan ‘A Gut Punch To City Workers And Retirees’

AFSCME Council 25 is reacting to the release of Kevyn Orr’s plan to dig Detroit out of debt.

WWJ Newsradio 950–02/21/2014

Detroit’s Debt Restructuring Plan ‘Complicated’

The plan has been touted as the blueprint for Detroit’s future and key in the city’s sojourn through the largest municipal bankruptcy in U.S. history.

WWJ Newsradio 950–02/01/2014

A couple looks at a painting at the Detroit Institute of Arts (DIA) on September 3, 2013. (Credit: Andrew Burton/Getty Images)

DIA To Raise $100M To Protect Pensions, Art In Bankrupt Detroit

“It’s important to note that the DIA is not in bankruptcy, in fact it is functioning extraordinarily well.”

WWJ Newsradio 950–01/29/2014

Kellogg Foundation To Help In Detroit Bankruptcy

The W.K. Kellogg Foundation is giving $40 million to prevent the sale of Detroit art and help city retirees.

WWJ Newsradio 950–01/28/2014

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

Gov. Snyder Plans To Aid Detroit Pensions, Save Art

“This is a settlement. This is not a bailout, and I want to be very, very clear about that,” the governor said.

WWJ Newsradio 950–01/22/2014

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