Committee of Retirees and City of Detroit reach agreement in bankruptcy negotiations

(WXYZ) - The Official Committee of Retirees has announced that they have reached a tentative agreement with the City of Detroit.

It's an endorsement from an official committee set up of all retirees from all across the board in Detroit by the bankruptcy court.

Cops, garbage collectors, clerks, firefighters and mechanics are all represented. Their representatives are signing off on terms that came out last week.

They include zero percent cuts in pensions for police and fire, with one percent cost of living increases each year. Non uniform general retirement workers get a 4.5  percent pension cut and no cost of living increase.

Talks are still underway with current police and fire employees and this deal is part of a grand bargain to save DIA Artwork.

Two of the unions that represent City of Detroit workers still do not have deals struck in the bankruptcy case. the presidents of the Detroit Police Lieutenants and Sergeants Association, along with the Detroit Fire Fighters assocation, say they have no deals at this time and negotiations continue.

In a statement to 7 Action News, Emergency Manager Kevyn Orr says "This agreement is the result of many months of difficult and complicated negotiations. It is fair, we believe, and puts the city that much closer emerging from bankruptcy solvent, more credit worthy and better able to provide basic services to its nearly 700,000 residents."

 

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