06/21/2013 09:04 am ET Updated Aug 21, 2013

Orr Outlines Pension-cut Plans For Detroit Workers | Crain's Detroit Business


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 cuts emergency manager Kevyn Orr outlined for union leaders Thursday.

For those covered by a plan, benefits would be frozen and some would be switched to 401(k)-like defined-contribution savings accounts, under Orr's proposal.

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