Pension Despair
Detroit’s Pensioners Vote in Favor of Cuts
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  • Corlyss

    “a majority cast their ballots in favor of the pension cuts prescribed by the plan, fearing that a rejection could lead to a worse outcome.”

    How sensible of them, unlike the union parasites that would rather see the death of their employer than accept a realistic reduction in benefits, as for instance, the unions that killed the New York City Opera last year.

  • Andrew Allison

    Correction: less than half of those eligible to vote did so; a majority of those voting approved, a majority did not. The real issue, as the post points out, is the legality of the agreement which was approved.

  • Pete

    They’re only taking a 4.5% cut. That’s not bad considering how over compensated they were relative to what service they performed and how overstaffed the departments were..

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