Detroit Pension Deal with Police Union to Save Millions

A contract ratified by the union representing Detroit police officers is being hailed as a landmark decision because it reduces pensions for current officers and could set a standard for cities nationwide. After winning an arbitration ruling in April that reduced pensions of police sergeants and lieutenants, the city persuaded the 2,000-plus-member Detroit Police Officers Association to reduce skyrocketing pension costs that some fear could engulf Detroit's finances.
August 3, 2011

A contract ratified by the union representing Detroit police officers is being hailed as a landmark decision because it reduces pensions for current officers and could set a standard for cities nationwide. After winning an arbitration ruling in April that reduced pensions of police sergeants and lieutenants, the city persuaded the 2,000-plus-member Detroit Police Officers Association to reduce skyrocketing pension costs that some fear could engulf Detroit's finances.
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