“Orr is under cross-examination by union attorneys. He’s coming under fire for supporting cuts in retirees’ pensions …”
Lawyers for city unions and retirees are presenting reasons why Detroit’s historic bankruptcy request should be denied.
It was a victory in court Wednesday for AFSCME Council 25.
A court filing has revealed details of nearly $1 billion in payouts known as the 13th check from a Detroit retirement system.
The report says spending was “effectively robbing” pension funds and contributed to a “significant underfunding” of the funds.
There are more than 20,000 Detroit city retirees whose pensions hang in the balance as the city moves through bankruptcy.
Nearly 18K state employees don’t have to contribute 4% of their pay to get full pension benefits in retirement because a law requiring the paycheck deductions is unconstitutional, the Michigan appeals court ruled.
Bill Schuette has officially joined Detroit’s federal bankruptcy case on behalf of pensioners.
A few dozen city workers took part in a rally, Friday, in front of the Spirit of Detroit.
“I think it’s despicable… and I think every Detroit resident will also find that this action is despicable,” said Richard Mack, Jr., an attorney for AFSCME Council 25.