Pension Cuts Kick In For Detroit Retirees
As part of Detroit’s bankruptcy proceedings, the city’s pensioners agreed to stomach some benefit cuts in order to ward off potentially steeper cuts.
Those cuts kicked in on Sunday, ...
Detroit Retirees Have Until Tuesday to Decide “Clawback” Repayment Plan As They Grapple With Benefit Cuts
By now, everyone knows about Detroit’s pension cuts – general city workers will be facing a 4.5 percent cut to their pension checks and the suspension of their cost-of-living adjustment.
But ...
Low-Income Detroit Retirees Can Apply For Pension Aid — But They Only Have Until Dec. 31
Low-income retirees living in Detroit can apply for aid to offset some of the pension cuts brought on by the city’s bankruptcy this year.
The program is a one-time offer – and ...
Detroit Pensioners Can Expect To See Benefits Cut By March 1st
As part of Detroit’s bankruptcy proceedings, the city’s pensioners agreed to stomach some benefit cuts in order to ward off potentially steeper cuts.
General retirees will be hit ...
Group of Retirees To Appeal Detroit’s Pension Cuts
The judge overseeing Detroit’s bankruptcy, Judge Steven Rhodes, said this month there was a 25 percent chance his ruling allowing pension cuts could be overturned if appealed.
That ...
