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Bankruptcy Judge Presses Detroit Emergency Manager Over Proposed Pension Cuts
Reuters
Nov. 4, 2013 "Kevyn Orr, Detroit's state-appointed emergency manager, testified ... that he did not mean to mislead city retirees when he said during a June 10 public meeting that pension rights were 'sacrosanct' under Michigan's constitution.... 'I was trying to say we understood these issues around pensions,' Orr said. 'What would you say to that retiree now about his rights?' asked U.S. Bankruptcy Judge Steven Rhodes, who is overseeing the case. 'I would say that his rights are in bankruptcy now,' Orr said." MORE >> |
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