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Detroit Public Employee Retirees May See Pension Cut

Saturday, Dec 07 2013

News Roundup

Written by PLP News

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A Federal bankruptcy court judge has cleared the way for Detroit to cut payments for retired city workers. So reports Newsweek.

Judge Steven W. Rhodes ruled that federal law usurps state regulations that prohibit slashing retirees’ benefits and that pensions are no different than any other bill that a city owes but doesn’t have funds for pay.

Read the full article from Newsweek.

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