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Detroit strikes 2nd deal with its other retirees

12:14 AM 0

DETROIT - The city of Detroit reached tentative agreements to preserve pensions for retired police office and firefighters but cut monthly payments for other former employees, key deals that could accelerate the largest public bankruptcy in U.S. history, officials said ......

FILE - In this Thursday, Dec. 12, 2013, file photo, Detroit Emergency Manager Kevyn Orr speaks during an interview with The Associated Press in Detroit. The city of Detroit has reached a deal with retired police officers and firefighters that would preserve current pensions but trim annual cost-of-living payments — the first major agreement with retirees in the bankruptcy case, mediators announced Tuesday, April 15, 2014. A spokesman for Orr, who took the city into bankruptcy last summer, didn't immediately respond to a message Tuesday from The Associated Press. (AP Photo/Paul Sancya, File) Show/Hide caption

FILE - In this Thursday, Dec. 12, 2013, file photo, Detroit Emergency Manager Kevyn Orr speaks during an interview with The Associated Press in Detroit. The city of Detroit has reached a deal with retired police officers and firefighters that would preserve current pensions but trim annual cost-of-living payments — the first major agreement with retirees in the bankruptcy case, mediators announced Tuesday, April 15, 2014. A spokesman for Orr, who took the city into bankruptcy last summer, didn't immediately respond to a message Tuesday from The Associated Press. (AP Photo/Paul Sancya, File)

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