Detroit bankruptcy blueprint would gut pensions
Details about a 99-page plan of adjustment for restructuring Detroit’s finances began emerging late this week. The plan, drawn up by Emergency Manager Kevyn Orr, will establish a union-controlled retiree “health care trust,” lease the water department to a regional authority and impose deep reductions in pensions, according to the Detroit Free Press, which obtained the document
Continue Reading http://www.wsws.org
Join the Discussion