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Detroit Pensions

Obama Won't Bail Out Detroit, But He's Considering This

The Huffington Post | Ashley Woods | Posted 04.17.2014 | Politics

President Barack Obama is reportedly trying to free up $100 million to send to bankrupt Detroit in an effort to reduce pension cuts to retired city wo...

Detroit's Bankruptcy Filing: Not With a Bang, But With a Thud

John Patrick Leary | Posted 03.17.2014 | Detroit
John Patrick Leary

When a federal bankruptcy judge ruled that municipal pensions are vulnerable under federal bankruptcy law, no one was surprised. Little about life in 21st-century America prepares anyone to expect a judge to stand up for public pensions.

We Have Met the Enemy and She Is Old

Richard (RJ) Eskow | Posted 02.12.2014 | Politics
Richard (RJ) Eskow

When did older people become the enemy? Last week a judge ruled that Detroit could move forward with its plan to cut pensions for retired city workers. This week Washington is celebrating a budget deal which harms older people economically in several ways.

How Detroit Got Scrooged: A Christmas Story for Our Time

Rev. Dr. Susan Brooks Thistlethwaite | Posted 02.08.2014 | Religion
Rev. Dr. Susan Brooks Thistlethwaite

Detroit has become the victim of the worst aspects of predatory post-industrial forces of capitalism ranged against this city, and against American workers overall. These are the forces of deindustrialization, globalization, failed government policies, and the legacy of intractable racism.

Dave Jamieson

Union Chief Pledges Payback On Rick Snyder After Detroit Pension Ruling | Dave Jamieson | Posted 12.04.2013 | Politics

The president of the union representing thousands of retired Detroit employees called Tuesday's bankruptcy decision "inhumane" and promised a robust c...

Making Detroit Work Again

Brendan Milewski | Posted 01.23.2014 | Detroit
Brendan Milewski

What's happening in Detroit is about more than retirement and health care coverage. It's about the kind of communities we want to live in -- the kind where we keep our promises to each other, and where we put the interests of working families ahead of big banks and wealthy CEOs.

Analyst: Pensions Aren't As Unfunded As Orr Claims

Detroit Free Press | Posted 10.02.2013 | Detroit

The battle over the health of the city of Detroit pension funds flared again Friday when the Bond Buyer, a Wall Street publication, reported on a new ...

Moodys: Distressed Cities Are Watching Detroit

Reuters | Posted 09.25.2013 | Detroit

July 26 (Reuters) - Detroit's filing for bankruptcy protection is "profoundly meaningful" for the small number of local governments in the United St...

Ashley Woods

How Detroit's Bankruptcy Could Affect Public Pensions Everywhere | Ashley Woods | Posted 07.21.2013 | Detroit

DETROIT -- Pensioners across the country have reason to watch Detroit's historic bankruptcy filing closely. The legal wrangling over whether the city'...

Bankrupting Detroit On The Backs Of Retirees

Reuters | Posted 09.19.2013 | Detroit

By Joseph Lichterman and Deepa Seetharaman DETROIT, July 19 (Reuters) - When Paula Kaczmarek moved to Detroit in 1978 to work for the ...

Here's What Orr's Pension Cuts To Workers Look Like

Crain's Detroit | Posted 08.21.2013 | Detroit

Detroit workers not already vested in a city pension would be excluded and many retirees would be moved to federal health-care programs under cost cut...

Ashley Woods

FAIL: 'For Whatever Reason,' Detroit Forgot To Pay Into Part Of The Pension Fund | Ashley Woods | Posted 12.04.2012 | Detroit

Detroit City Council members on Tuesday scheduled a vote for Dec. 5 on a proposed budget amendment -- one that's needed because the City Administratio...