Detroit City Retirees Agree To 4.5% Cut In Pension Benefits

Detroit City Retirees Agree To 4.5% Cut In Pension Benefits

The city of Detroit reached an agreement Friday with the city's largest employee association that will cut their pension benefits by 4.5 percent and potentially hasten Detroit's exit from Chapter 9 protection, according to the law firm representing the Detroit Retired City Employees Association.

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