Management & Labor

Detroit Becomes Biggest City Ever Eligible for Bankruptcy

Public pensions were dealt a historic blow Tuesday when a Detroit bankruptcy judge sided with the city in ruling that entitlements could be subject to cuts in municipalities under Chapter 9 protection.

Detroit city workers and supporters protest outside the federal courthouse in Detroit while awaiting the bankruptcy decision Tuesday.
In 2014, 19 percent of the 2012 public administration workforce will have reached age 61, the average retirement age. By 2018, this figure rises to 28 percent of those working in 2012.

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