Detroit Retirees Say Pension Cuts Will Impoverish Them

Law360, New York (March 7, 2014, 2:41 PM EST) -- Detroit retirees on Thursday took to bankruptcy court to air their fears about the city’s proposed plan of adjustment, which could force them to swallow hefty cuts to their pensions, with many noting that such measures would force them to seek public assistance.

The objections came just as the judge overseeing Detroit's bankruptcy pushed back the start of its confirmation trial to July 16.

Around 90 individual objections were filed in Detroit’s bankruptcy docket Thursday, several of which were handwritten. Many outlined the financial distress the...
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