Valdosta Daily Times


Detroit Bankruptcy.jpg

K.D. Bullock, 70, retired from the Detroit Police Department for nearly 17 years, sits in the living room of his home in Detroit, Tuesday, July 23, 2013. Many retired city of Detroit workers are worried about the fate of their pensions as the state-appointed emergency manager looks to slash a debt of as much as $20 billion. Pensions represent about $3.5 billion of that, and leaders have recommended reducing them as part of an overall restructuring. The city last week became the largest city in the U.S. to file for bankruptcy.

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