06/20/2013 11:21 am ET

Detroit Emergency Manager Orders Probe Of City's Pension Fund | The Detroit News


Detroit -- Union leaders cast doubt on dire financial figures contained in Emergency Manager Kevyn Orr's restructuring plan ahead of a closed-door meeting Thursday to discuss health-care changes that could help the city avoid the largest municipal bankruptcy filing in U.S. history.

Dozens of union officials and attorneys converged on the Coleman A. Young Municipal Center early Thursday and criticized Orr for skipping the meeting and sending members of his restructuring team. On Friday, Orr personally met with about 150 officials from banks, bondholders, pension funds and unions during a closed-door meeting to discuss concessions that would slash the city's approximately $20 billion in debt.

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