Detroit bankruptcy tests state pension protections

Associated Press
Detroit bankruptcy tests state pension protections

From left, seated, Wayne County Executive Robert Ficano, Michigan AFSCME Council 25 President Al Garrett and United Auto Workers President Bob King address a news conference in Detroit, Monday, July 22, 2013. Detroit's bankruptcy filing means that thousands of retirees could face changes to their expected payouts, despite being guaranteed in a state constitution. Will the bankruptcy filing open new legal questions about what cash strapped cities and municipalities can do when pension benefits grow far larger than what they can afford? (AP Photo/Paul Sancya)

View Comments (0)