Reports: Detroit Pension Vote Will Pass

Sources telling Detroit newspapers more than two-thirds voted to pass the "Grand Bargain."

spirit of detroit

It looks like the Detroit Grand Bargain will be approved. Both the Detroit News and the Free Press are quoting sources saying more than two-thirds of city workers have voted "yes" on a plan to reduce their pension benefits and shield the city's art collection from creditors. Final results could be available as early as Friday night. Pensions will be cut by roughly four and-a-half percent and cost-of-living adjustments will be eliminated under the plan. Detroit's bankruptcy trial starts August 14th.


WILX.com is happy to provide a forum for commenting and discussion. Please respect and abide by the house rules:

Keep it clean, keep it civil, keep it truthful, stay on topic, be responsible, share your knowledge, and please suggest removal of comments that violate these standards.

See full commenting rules...
powered by Disqus
WILX 500 American Road Lansing, MI 48911 517-393-0110
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 266837721 - wilx.com/a?a=266837721