MI House Leader Asks Detroit Union Put Up Cash
Michigan's House Leader notifies Detroit Unions to put up cash towards Detroit bankruptcy settlement or the Legislature will not vote on the proposed $350 million dollar bailout.
Jase Bolger, R-Marshall, informed the Detroit Free Press it’s now up to the unions to come up with proposals for how much they should contribute to the so-called “grand bargain,” but “it should be material and it should be reflective of what everyone else is doing.”
Union leaders were shocked by the demand.
The police and fire retirees will see no cuts to their monthly checks but will lose some of their cost-of-living adjustments.
Detroit retirees belonging to the General Retirement System would have their monthly checks reduced by 4.5%, thus investing in the future of Detroit.
What are your thoughts about this?