pensions

Detroit Emergency Manager Kevyn Orr (Credit: Bill Pugliano/Getty Images)

Detroit Emergency Manager Freezing Pensions

Detroit is steering thousands of city workers into 401(k)-style retirement accounts and freezing their accrued pension benefits.

WWJ Newsradio 950–01/06/2014

istockphoto

Detroit Proposal For $350 Million Loan Approved

A Michigan loan board has approved Detroit’s proposal for up to a $350 million loan from Barclays Capital to help pay off some pension debt.

WWJ Newsradio 950–12/20/2013

Judge Allows Appeal In Detroit Bankruptcy Case

A crucial decision that keeps Detroit in bankruptcy court and puts pensions at risk can immediately be appealed to a higher court, a judge said Monday.

WWJ Newsradio 950–12/16/2013

(credit: Pat Sweeting/WWJ)

Fearing Pension Cuts, Retirees Make Their Case In YouTube Video

“I’m 81 years old, and I need every penny that I can get, and that I do get.”

WWJ Newsradio 950–12/11/2013

istockphoto

Stakes Now Even Higher For Detroit Retirees

“Do I need to sell my house? Can I afford to live in a nursing home?”

WWJ Newsradio 950–12/04/2013

Detroit Emergency Manager Kevyn Orr holds a press conference to discuss federal bankruptcy Judge Steven Rhodes' ruling on Detroit's Chapter 9 bankruptcy eligibility December 3, 2013. (Credit: Bill Pugliano/Getty Images)

Kevyn Orr Plans Next Steps Now That Detroit Is Officially Bankrupt

“I want to say to everyone whose a resident of the city, no one is more aware of the hardship that this is going to cause to a number of different people than me,” Kevyn Orr said.

WWJ Newsradio 950–12/04/2013

(credit: Pat Sweeting/WWJ)

Unions React To Detroit Bankruptcy Ruling: “This Is A Very Scary Day”

AFSCME attorney Sharon Levine says a notice of appeal has already been filed in the case.

WWJ Newsradio 950–12/03/2013

Marion Kramer (credit: Vickie Thomas/WWJ)

“This Is War — Outright War” : Detroiters Protest Bankruptcy

One hundred noisy protesters marched while they awaited a judge’s decision on whether Detroit is eligible for bankruptcy.

WWJ Newsradio 950–12/03/2013

Detroit Emergency Manager Kevin Orr (Credit: Bill Pugliano/Getty Images)

Detroit EM Returns To The Stand On Day 5 Of Bankruptcy Trial

“Orr is under cross-examination by union attorneys. He’s coming under fire for supporting cuts in retirees’ pensions …”

WWJ Newsradio 950–10/29/2013

Outside Federal Court in Detroit (credit: Stephanie Davis/WWJ, File)

Union, Retirees Argue Against Detroit Bankruptcy

Lawyers for city unions and retirees are presenting reasons why Detroit’s historic bankruptcy request should be denied.

WWJ Newsradio 950–10/15/2013

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