Retiree group seeks appeal of Detroit Pension Cuts

  Original Post: Click Here In approving Detroit’s modest reductions to most city pensions earlier this month, U.S. Bankruptcy Judge Steven Rhodes said there was a 25 percent chance his ruling could be overturned on appeal. A group of 133 holdout Detroit pensioners likes its chances. Late Monday, the pensioners…

Detroit Emerges From Bankruptcy, Yet Pension Risks Linger

Detroit Emerges From Bankruptcy, Yet Pension Risks Linger  The hulk of Detroit’s old train station has long stood as a symbol of the city’s urban decay.Credit Mira Oberman/Agence France-Presse — Getty Images Original Post – Click Here When the judge in Detroit’s historic bankruptcy case approved the city’s exit plan on…

Five Things the Mainstream Media Won’t Tell You About Detroit’s Bankruptcy

Five Things the Mainstream Media Won’t Tell You About Detroit’s Bankruptcy Original Post: Click Here Posted by Michael Jackman on Mon, Nov 10, 2014 at 11:38 AM Photo by Curt Guyette Gov. Rick Snyder and Emergency Manager Kevyn Orr Amid all the cheerleading surrounding a “reborn” Detroit, with our local news media sounding huzzahs over a…

RETIREE GROUPS, UNIONS TO NIX DETROIT BANKRUPTCY ELIGIBILITY APPEALS AT 6TH CIRCUIT AFTER TRIAL

Link to Article: Click Here DERAIL THE BANKRUPTCY NOW! Sixth Circuit suspends hearing on appeals until after plan trial, received letters from unions, retiree groups pledging to dismiss appeals Retirees outraged, question validity of “Yes” vote and procedures Aleem, Williams pepper court with more objections Legal, other alternatives under consideration  By…

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Detroit Rolls Out New Model: A Hybrid Pension Plan

See Original Post: Click Here In the face of Detroit’s tumultuous bankruptcy proceedings, in which multiple parties are quarreling to protect their interests, the city and its unions have quietly negotiated a scaled-back pension plan that could serve as a model for other troubled governments. One of the most closely…

AARP Joins Other Groups In Legal Support For Detroit Retirees

Original Post: Click Here  Demand this case be heard ASAP by the U.S. Sixth Circuit Court Judges Rhodes has compromised his authority  From: City Employees  Subject: Supporters Filing Lawsuits on our Behalf Date: Sun, 4 May 2014 19:17:28 -0400  The American Association of Retired Persons (AARP) has filed a lawsuit along…

CalPERS Files Amicus Brief in Detroit Bankruptcy Case

Original Post: Click Here CalPERS filed an amicus brief in the 6th U.S. Circuit Court of Appeals in Cincinnati on Thursday regarding the city of Detroit’s bankruptcy case. RELATED CONTENT STORIES CalPERS files amicus brief in Detroit bankruptcy ruling appeal Bargaining pays off for public employees in Detroit Detroit Police…

AARP joins fight to protect Detroit Pensions in Bankruptcy

For Original Article: Click Here One of the nation’s most powerful lobbying groups filed a brief in Detroit’s bankruptcy case Wednesday arguing a federal judge’s ruling that U.S. bankruptcy law trumps pension protections in Michigan’s Constitution should be reversed. AARP, formerly known as the American Association of Retired Persons, which…

Michigan House Leader Tells Detroit Unions to Put Up Cash or Get No Money From State

LANSING — Unions representing City of Detroit employees must put up cash toward the Detroit bankruptcy settlement before the Legislature will vote on a proposed $350-million state contribution toward settling the case, House Speaker Jase Bolger said Friday. Bolger, R-Marshall, told the Free Press it’s up to the unions to come…