Detroit retirees, community leaders submit alternative plan

Detroit retirees, community leaders submit alternative bankruptcy plan

Posted: Updated:
(WJBK) -

Detroit retirees will get more of their pensions than initially expected under emergency manager Kevyn Orr's new bankruptcy plan, but retirees and community leaders say the cuts are still too large.

The group Detroiters Resisting Emergency Management put forth its own plan, calling for pensioners to be held harmless, interest rates from the swaps deal to be terminated and the end of the city's emergency management.

"It appears that the retirees are being scapegoated," Detroit retiree Cecily McClellan said at Monday's meeting.

Mark Diaz of the Police Officers Association said the plan "treads on the rim of inhumane and cruel."

Bill Nowling, the spokesperson for Orr's office, says the pension cuts in the plan of adjustment are necessary if Detroit will move forward, and that most creditors are taking bigger hits than retirees.

"There's a wide disparity, and I think that shows the lengths that the emergency manager and his team went to to make sure that we prioritize the cuts and the adjustments that are necessary," Nowling says.

  • Download the FOX 2 Apps


  • FOX 2 News Five-Day Forecast
  • Local NewsLocal NewsMore>>

  • General Motors profit declines 85% in 2Q

    General Motors profit declines 85% in 2Q

    Thursday, July 24 2014 7:43 AM EDT2014-07-24 11:43:10 GMT
     General Motors says second-quarter profit fell 85 percent as recall costs chopped $1.5 billion from the bottom line.
     General Motors says second-quarter profit fell 85 percent as recall costs chopped $1.5 billion from the bottom line.
  • Porch shooter: I didn't know gun was loaded

    Porch shooter: I didn't know gun was loaded

    Thursday, July 24 2014 12:48 PM EDT2014-07-24 16:48:56 GMT
    A suburban Detroit man who killed an unarmed woman on his porch immediately suggested to police it was an accident and that he didn't know his shotgun was loaded, according to recorded remarks played in court Thursday.
    A suburban Detroit man who killed an unarmed woman on his porch immediately suggested to police it was an accident and that he didn't know his shotgun was loaded, according to recorded remarks played in court Thursday.
  • Rehabilitation grants available for auction homes

    Rehabilitation grants available for auction homes

    Thursday, July 24 2014 12:45 PM EDT2014-07-24 16:45:20 GMT
    Homes eligible for $25,000 in forgivable rehabilitation grants are going on sale in a west side Detroit neighborhood. An online auction by the city's Land Bank Authority begins Thursday for eight houses in the Marygrove area.
    Homes eligible for $25,000 in forgivable rehabilitation grants are going on sale in a west side Detroit neighborhood. An online auction by the city's Land Bank Authority begins Thursday for eight houses in the Marygrove area.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices