Detroit City Retirees Agree To 4.5% Cut In Pension Benefits

By Kurt Orzeck · May 2, 2014, 8:37 PM EDT

The city of Detroit reached an agreement Friday with the city's largest employee association that will cut their pension benefits by 4.5 percent and potentially hasten Detroit's exit from Chapter 9...

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Case Information

Case Title

City of Detroit, Michigan

Case Number

2:13-bk-53846

Court

Michigan Eastern

Nature of Suit

Date Filed

July 18, 2013