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Detroit Bankruptcy Plan Slashes Worker Pensions

HeadlineFeb 24, 2014

Detroit’s emergency manager has floated a proposal to slash worker pensions and retiree benefits in a bid to bring the city out of bankruptcy. Under a plan filed in federal bankruptcy court on Friday, police and fire retirees would see their pensions cut 10 percent, while other retired city workers would see their pensions cut 34 percent.

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