Economy
Cuts to Detroit pensions set dangerous precedent
City's bankruptcy plan imperils obligations to retirees nationwide
- Topics:
- Economy
- Pension
- Detroit
- Bankruptcy
City's bankruptcy plan imperils obligations to retirees nationwide
‘America Tonight’ investigates how some Detroit creditors stand to become casualties of the city twice over
First major deal in city’s bankruptcy case preserves pensions but slashes cost-of-living increases
City still has over $17 billion in debt, but this may inspire confidence in other creditors who are looking to settle
While all the attention has gone to the DIA and its treasures, the Wright Museum is threatened by city’s fiscal woes too
Proposal would see retiree pensions cut to restore services, refurbish neighborhoods and pay creditors
The $1.5 million Motor City Mapping survey is designed to help city residents do just that
The plan endorsed by Gov. Rick Snyder would help to sustain pensions, historic art threatened by the city's bankruptcy
Financial pledge also aims to fund at-risk retiree pensions
Blame interest-rate swaps, not retirees, for the Motor City’s downfall
