Detroit still needs $350M from state lawmakers

  • Posted: Wednesday, April 16, 2014 3:31 p.m.
    UPDATED: Wednesday, April 16, 2014 10:04 p.m.
AP Photo/Carlos Osorio, File
In this photo, Michigan Gov. Rick Snyder delivers his third annual State of the State address to a joint session of the state Legislature in the Capitol in Lansing, Mich. The city of Detroit reached tentative agreements to preserve pensions for retired police office and firefighters but cut monthly payments for other former employees, officials said on Tuesday.
AP Photo/Carlos Osorio, File In this photo, Michigan Gov. Rick Snyder delivers his third annual State of the State address to a joint session of the state Legislature in the Capitol in Lansing, Mich. The city of Detroit reached tentative agreements to preserve pensions for retired police office and firefighters but cut monthly payments for other former employees, officials said on Tuesday.

DETROIT ­— Pressure is building for Michigan lawmakers to commit $350 million to Detroit pensions after the bankrupt city reached tentative agreements with pension funds and a retiree group.

The deals are tied to Detroit getting money from the state over 20 years, along with $466 million in private money, all to shore up pensions.

Retired police and firefighters would see smaller cost-of-living payments. Other city retirees would see a 4.5 percent pension cut. The $816 million vanishes if retirees don’t vote in favor in the weeks ahead.

Republican House Speaker Jase Bolger says deals reached Tuesday are important. But he tells The Associated Press that persuading lawmakers to approve the money soon is difficult because of anti-Detroit sentiment in the Legislature.

Republicans control the House and Senate.

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