Detroit retirees concerned over possible pension cuts amid bankruptcy proceedings
5:58 PM, Aug 2, 2013
DETROIT (WXYZ) - Dozens of retirees and current city employees protested outside Eastern District Federal Court as Detroit's bankruptcy case was being heard.
Several protesters carried signs and chanted as attorneys filed inside the courthouse Friday morning. Judge Steven Rhodes made no determination on how pensions would be affected by the city's bankruptcy filing, but retirees are on edge. Of Detroit $18-billion debt, $3.5-billion is tied to pensions.
Retirees say their pensions are protected by Michigan's state constitution, but ultimately their fate could rest in the judge's hands.