UAW's Bob King: Detroit workers' pensions 'should not be cut' - Chicago News and Weather | FOX 32 News

UAW's Bob King: Detroit workers' pensions 'should not be cut'

Posted: Updated:
UAW President Bob King UAW President Bob King
  • Detroit BankruptcyMore>>

  • Detroit files plan to fix debt, leave bankruptcy

    Detroit files plan to fix debt, leave bankruptcy

    Friday, February 21 2014 12:49 PM EST2014-02-21 17:49:57 GMT
    Detroit's emergency financial manager filed a plan Friday that would bring the city out of bankruptcy, providing a detailed look at what the Motor City would look like when it finally sheds its financial burdens.
    Detroit's emergency financial manager filed a plan Friday that would bring the city out of bankruptcy, providing for the first time a detailed look at what the Motor City would look like when it finally sheds its financial burdens.
  • Gov. Snyder: 'Detroit's comeback is underway'

    Gov. Snyder: 'Detroit's comeback is underway'

    Friday, February 21 2014 11:35 AM EST2014-02-21 16:35:28 GMT
    Gov. Rick Snyder issued the following statement today on the filing of a plan of adjustment by  Detroit Emergency Manager Kevyn Orr that is part of the city's restructuring.
    Gov. Rick Snyder issued the following statement today on the filing of a plan of adjustment by  Detroit Emergency Manager Kevyn Orr that is part of the city's restructuring under Chapter 9 of the U.S. Bankruptcy Code.
  • $350 million on the table for Detroit, judge needed to approve Barclay's loan

    $350 million on the table for Detroit, judge needed to approve Barclay's loan

    Wednesday, November 6 2013 3:03 PM EST2013-11-06 20:03:18 GMT
    On Tuesday, the city of Detroit asked a federal judge to approve its deal to borrow up to $350 million to help the city pay off some of its debts and to provide city services.
    On Tuesday, the city of Detroit asked a federal judge to approve its deal to borrow up to $350 million to help the city pay off some of its debts and to provide city services.
DETROIT (WJBK) -

Worry coursing through Detroit has driven off-duty firefighters to the picket line and retired city workers to press conferences.

Detroit has filed for bankruptcy, and everything is on the table, including transforming terms of the city's pensions and eliminating retiree healthcare.

UAW President Bob King joined AFSCME leaders and politicians such as Bob Ficano for a news conference.

King said Detroit's bankruptcy is nothing like those of General Motors or Chrysler.

"We made many sacrifices, we made many changes, and we did not touch people's pensions because people's pensions are based on commitments and promises made over the years," King said.

Here is the difference. The auto industry got a federal bailout while Detroit not so much.

Still, union leaders said the city should go after outstanding tax revenue, not pensions and healthcare.

"This government has a responsibility to live up to the promises they've made to those workers, and those pensions should not be cut, and those workers' healthcare should not be cut," King said.

"I want to make sure that people understand they're going to continue to get pensions, but what we're talking about is the amount of under funded in the pensions, and we just have to deal with that. We have to come to an agreement on what that is, and we just have to move forward so people can know what to expect," said Bill Nowing, the spokesperson for the emergency manager.

Right now, Detroiters do not know what to expect. Unions and Detroit's pension boards are fighting this out in court.

Until everyone from city workers to retirees get clear details, that worry will not be going away.

There is a hearing scheduled Wednesday in bankruptcy court that will determine whether the lawsuits filed by the city's pension boards will be allowed to go forward.

Powered by WorldNow

205 N. Michigan Avenue
Ground Floor
Chicago, IL 60601
Station Operator: (312) 565-5532
Newsroom: (312)565-5533

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices