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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…

Examining the body of evidence in Detroit’s bankruptcy trial

Link to Full Article Here:  Detroit Emergency Manager Kevyn Orr stood behind a lectern in a ballroom on the University of Michigan’s campus, telling an attentive crowd how the civic-minded values absorbed here at his alma mater helped lead to a job that, when first offered, he wanted no part of….

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Detroit: The Next American City of Opportunity

Detroit: The Next American City of Opportunity: Click Here

What is the Proposed Cut for Detroit Police and Fire Retirees’ Pensions?

Posted on March 16, 2014 by detroitcityretiree — Leave a comment Based on documents filed by the city in the bankruptcy case and news media reports, Detroit retirees from the police and fire departments are confused about the proposed cuts to their pensions. The confusion stems from two documents filed by the city in the…