City Employee Pensions News Today : Breaking News, Live Updates & Top Stories | Vimarsana

their own to handle detroit s problems. we help detroit. we are now going through exactly in detail we had a meeting yesterday, just getting a brief on the status. the question is we don t know at this point. the city is $18.5 billion in debt. a significant portion of that is the dramatic underfunding of city employee pensions. emergency manager s office says the city only generates a billion dollars in revenue and cannot pay down the debt, harris. harris: wow. a michigan judge though ruled that the bankruptcy is unconstitutional fake a look at this order from the county judge. a copy of this order shall be transmitted to president obama. it is so ordered. and the judge signed it. this judge believes that what the governor and the emergency manager did was unconstitutional or against michigan s constitution because it lessens employee pension benefits in the

City of detroitCapital cityEmergency managerCity employee pensions18 5 billionA billion8 5 billionA billion dollarsHarris faulknerYou detroits bankruptcyPresident obamaRick snyderCounty judgeIt lessens employee pension benefits