Now there is a new worry: Detroit wants to cut the pensions it pays
retirees like Ms. Killebrew, who now receives about $1,900 a month.
“It’s been life on a roller coaster,” Ms. Killebrew said, explaining
that even if she could find a new job at her age, there would be no one
to take care of her husband. “You don’t sleep well. You think about
whether you’re going to be able to make it. Right now, you don’t really
know.”
Detroit’s pension shortfall accounts for about $3.5 billion of the $18 billion in debts that led the city to file for bankruptcy
last week. How it handles this problem — of not enough money set aside
to pay the pensions it has promised its workers — is being closely
watched by other cities with fiscal troubles.
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