Hundreds protest Detroit's bankruptcy plan - myfoxcarolinas.com

Hundreds protest Detroit's bankruptcy plan

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DETROIT (AP) - Hundreds of people rallied outside of federal court in Detroit to show their opposition to Detroit's updated bankruptcy plan.

Tuesday's protest involving retired city workers and others came a day after state-appointed emergency manager Kevyn Orr's plan was filed.

The updated plan revealed new details on how the city plans to restructure debt and provide public services during the largest municipal bankruptcy in U.S. history.

Under the plan, police and fire department retirees would see monthly checks cut by 6 percent if they vote in favor of the plan, while a "no" vote would result in a 14-percent cut. The city's other retired workers, covered by the General Retirement Services pension system, would see a 26-percent benefits reduction if they approve Orr's plan or a 34-percent cut if they don't.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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