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, ...
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 ...