Detroit reaches deal with retired police and firefighters

2014-04-17T18:10:19-07:00April 17th, 2014|Categories: Defined Benefit Plans|Tags: , , |

If approved, the deal would significantly limit proposed cuts in pension benefits for the public safety retirees. Bankruptcy mediators said the agreement with the Retired Detroit Police and Fire Fighters Association was the first the city had reached with any group representing its retirees. The association has about 6,500 members and represents more than 80% of Detroit’s retired public safety workers. […]