EM's Biggest Task: Tackling Detroit's Pension Obligations

04/05/2013 09:10 am ET

Detroit — Pensions and retiree health care could be on the table during Detroit's restructuring, prompting worry among the city's 30,000 current and former city workers that Emergency Manager Kevyn Orr may try to cut their benefits.

It's a fear rooted in reality because Orr has the power to make drastic changes, and retiree benefits are among the biggest bills for a city that is nearly $15 billion in debt, has a $327 million accumulated general-fund deficit and will be unable to pay nearly $2 billion in debt payments over the next five years.

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