Retirees, Workers and Community Protest Detroit's Bankruptcy Plan
Posted: Apr 01, 2014 5:52 PM EDT
To watch this Fox 2 Detroit news report on the demonstration outside federal court opposing the draconian "plan of adjustment" just click on the website below:
http://www.myfoxdetroit.com/story/25133737/hundreds-protest-detroits-bankruptcy-plan
DETROIT (AP) - Hundreds of people rallied outside of federal court in Detroit to show their opposition to Detroit's updated bankruptcy plan.
Tuesday's protest involving retired city workers and others came a day after state-appointed emergency manager Kevyn Orr's plan was filed.
The updated plan revealed new details on how the city plans to restructure debt and provide public services during the largest municipal bankruptcy in U.S. history.
Under the plan, police and fire department retirees would see monthly checks cut by 6 percent if they vote in favor of the plan, while a "no" vote would result in a 14-percent cut. The city's other retired workers, covered by the General Retirement Services pension system, would see a 26-percent benefits reduction if they approve Orr's plan or a 34-percent cut if they don't.
Pensioners Protest Cuts
Also to watch this Detroit Channel 20 news report on the mass demonstration against the bankers' plan of adustment just click on the website below;
http://www.tv20detroit.com/home/Pensioners-Protest-Cuts-253470751.html
By Jorge Avellan
April 1, 2014
DETROIT, Mi. (TV 20 News at Ten) --- Hundreds of people took part in a rally today outside the federal courthouse in downtown Detroit to protest pension cuts.
Some city of Detroit employees and retirees could see up to a thirty-four percent cut if the city's emergency financial manager gets his way.
My TV 20's Jorge Avellan was at the rally and has the story.
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| Abayomi Azikiwe, editor of the Pan-African News Wire, addressing crowd outside the federal courthouse in downtown Detroit on April 1, 2014. (Photo: Kris Hamel) |
To watch this Fox 2 Detroit news report on the demonstration outside federal court opposing the draconian "plan of adjustment" just click on the website below:
http://www.myfoxdetroit.com/story/25133737/hundreds-protest-detroits-bankruptcy-plan
DETROIT (AP) - Hundreds of people rallied outside of federal court in Detroit to show their opposition to Detroit's updated bankruptcy plan.
Tuesday's protest involving retired city workers and others came a day after state-appointed emergency manager Kevyn Orr's plan was filed.
The updated plan revealed new details on how the city plans to restructure debt and provide public services during the largest municipal bankruptcy in U.S. history.
Under the plan, police and fire department retirees would see monthly checks cut by 6 percent if they vote in favor of the plan, while a "no" vote would result in a 14-percent cut. The city's other retired workers, covered by the General Retirement Services pension system, would see a 26-percent benefits reduction if they approve Orr's plan or a 34-percent cut if they don't.
Pensioners Protest Cuts
Also to watch this Detroit Channel 20 news report on the mass demonstration against the bankers' plan of adustment just click on the website below;
http://www.tv20detroit.com/home/Pensioners-Protest-Cuts-253470751.html
By Jorge Avellan
April 1, 2014
DETROIT, Mi. (TV 20 News at Ten) --- Hundreds of people took part in a rally today outside the federal courthouse in downtown Detroit to protest pension cuts.
Some city of Detroit employees and retirees could see up to a thirty-four percent cut if the city's emergency financial manager gets his way.
My TV 20's Jorge Avellan was at the rally and has the story.
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