DETROIT (WKZO) -- Attorneys for Detroit's pension funds are asking the 6th U.S. Circuit Court of Appeals to rush their appeal of the city's bankruptcy eligibility, arguing retirees will suffer if pensions are allowed to be cut. Tuesday, the attorneys requested hearings in the matter be held in June, before the city of Detroit is granted approval of a restructuring plan that would cut pensions and other benefits, which the lawyers say could put more than 20-thousand retirees below the poverty line. A spokesperson for Detroit Emergency Manager Kevyn Orr said the city will respond with their own court filing soon.
The Clark Howard Show 1:00 PM - 3:00 PM
On Air Now.