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Orr Tells Detroit Retirees: Your Pensions, Benefits Are Safe for 6 Months Amid Bankruptcy
Detroit Free Press 
July 21, 2013
"[Detroit emergency manager Kevin] Orr provided retirees some temporary relief Friday, telling the Free Press that pension and health care benefits are safe for at least the next six months.... Orr has not yet specified the cuts to pensions he will seek through the bankruptcy process. He has proposed freezing pensions and moving workers to a 401(k)-style plan to help alleviate the pension systems' unfunded liabilities of $3.5 billion. He also wants to move retirees to Medicare or health care exchanges being set up through the Affordable Care Act."
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