Michigan Attorney General Bill Schuette says it will join the Detroit bankruptcy on behalf of pensioners case. Photo AP.LANSING, Mich. - Michigan attorney says it will join the Detroit bankruptcy on behalf of pensioners case.
According to a statement released Saturday by his Office, Bill Schuette will present an apparition in federal bankruptcy court on Monday.
Pension benefits are constitutionally protected in the State, and Schuette says that it will work to defend to "Michigan Seniors living on fixed incomes and anticipating a secure retirement after a lifetime of work."
Manager of emergency Detroit Kevyn Orr led to Detroit for Chapter 9 bankruptcy earlier this month with the blessing of the Governor Rick Snyder. It is the largest bankruptcy by a local government in the history of United States.
The State of pensions for employees is expected to be a key issue in the bankruptcy. Orr said that it could reduce the Pension along with other debts.
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