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Pension questions after the Detroit bankruptcy

August 19, 2013
By Rebecca Schoonover , The Inter-Mountain

On July 18, Detroit became the largest American city to file for Chapter 9 bankruptcy. What will happen to the pensions of its 20,000+ retired public employees? There is a possibility they could be reduced perhaps greatly. In the wake of Detroit's fiscal problems, current and future pension recipients across the country are wondering about the stability and amount of their promised incomes.

 
 
 

 

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