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Tag : Kevyn Orr

Detroit’s Reduced “Hybrid” Pension Plans Could Become Model for Cash Strapped States

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Detroit’s pension crisis may be at the beginning of a resolution now that unions have approved a reduced plan. If  all goes well, this plan could serve as a model for cash strapped states that can no long afford pensions. “The city and its labor partners have come up with what we think is the best option to strengthen employee pensions so we can continue to meet future obligations in…