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UAW to help Detroit's "Grand Bargain" fund

DETROIT (WKZO) -- The UAW will raise money to fund Detroit's "Grand Bargain."

The Grand Bargain, if approved by the legislature, would mean that the state would kick in 195-million dollars to help Detroit settle its bankruptcy case. Those dollars, though, would come in the form of matching funds that the city and supporters have to raise.

The UAW would not kick in any of its own money but, as stated in the Detroit Free Press, the union, "will help raise material contributions toward the health care costs for Detroit retirees."

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