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February 24, 2014

Detroit Bankruptcy Plan Slashes Worker Pensions 
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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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