Click photo to enlarge
FILE - In a May 30, 2014 file photo, Detroit emergency manager Kevyn Orr speaks with reporters after addressing the Mackinac Policy Conference on Mackinac Island, Mich. In the little more than a year since Orr made Detroit the largest U.S. city to seek bankruptcy protection, it has experienced a wide range of improvements that will factor into Judge Steven Rhodes' decisions during next month's bankruptcy trial. A major piece of the bankruptcy puzzle could fall into place Monday, July 21, 2014, with the expected release of the results of a vote by creditors, including more than 30,000 retired and current city workers, on whether to accept millions of dollars in cuts. (AP Photo/David Eggert, File)

DETROIT (AP) — The city of Detroit is expected to report the results of voting on pension cuts by retirees and former and current workers.

The outcome will have an impact on the city's bankruptcy case, which goes to trial on Aug. 14. Support for pension changes would give Detroit's bankruptcy plan a big boost as Judge Steve Rhodes decides whether the overall strategy is fair and feasible.

The city plans to announce results Monday, 10 days after voting ended.

General retirees would see a 4.5 percent pension cut and lose annual inflation adjustments. Retired police officers and firefighters would lose only a portion of their annual cost-of-living raise.

Approval of the pension changes would trigger $816 million from the state of Michigan, foundations and the Detroit Institute of Arts.



Advertisement