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Ann Millspaugh (CC BY-SA 2.0)

Broken Promise: Bankruptcy Judge Says Detroit Can Cut Pension Payments

In a perverse case of making the victim pay for the crime, a federal bankruptcy judge says the city of Detroit can renege on pension promises. Experts say the decision could be a template for other governments seeking to get out from under obligations.

Posted on Dec 4, 2013 READ MORE


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