Workers and retirees approved pension cuts in Detroit's bankruptcy by a landslide, the city reported Monday, a crucial step to emerging from the largest municipal insolvency in U.S. history.

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Topics:  detroit   u.s    city   workers   retirees   bankruptcy   pension cuts   
BING NEWS:
  • Commentary: Time to defuse the public pension time bomb — Peter Roff
    Policymakers keep pretending we won’t notice how dangerous the under-funded public employee pension plans are until the problem lands on someone else’s desk.
    05/1/2024 - 6:20 pm | View Link
  • It's time to defuse public pension time bomb: Opinion column by Peter Roff
    Across the states, America’s public employee pension plans are a ticking, insolvent time bomb. “For most states,” the Pew State Fiscal Health Project said in July 2022, “unfunded pension liabilities ...
    04/29/2024 - 2:59 am | View Link
  • COMMENTARY: Time to defuse public pension time bomb
    Across the states, America’s public employee pension plans are a ticking, insolvent time bomb. “For most states,” the Pew State Fiscal Health Project said in July 2022, “unfunded pension liabilities ...
    04/27/2024 - 5:01 pm | View Link
  • Red Lobster considers bankruptcy to deal with leases and labor costs
    Seafood restaurant chain Red Lobster is mulling a Chapter 11 bankruptcy filing as it looks to restructure its debt, according to people with knowledge of the matter. Red Lobster has been getting ...
    04/17/2024 - 11:36 pm | View Link
  • Sterling Heights-based American Home Fitness files for bankruptcy restructuring
    American Home Fitness has filed for Chapter 11 bankruptcy in a bid to reorganize the Sterling Heights-based company after the pandemic-inspired boom and bust of at-home exercise. The company’s ...
    04/3/2024 - 3:22 am | View Link
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