Detroit ruling reveals pensions not protected in bankruptcy

By Paul Kersey
12/03/2013
As lawmakers in Springfield prepare to vote on a controversial pension reform plan, a federal bankruptcy court judge in Detroit issued a ruling that could have major consequences for government employees throughout the country. Dealing with numerous objections to the nation’s largest municipal bankruptcy, Judge Steven Rhodes ruled that pension debts were not given “extraordinary...

TAGS: Detroit, Michigan, pension guarantee, ruling