Darwina Wallace, 69, first heard that her city pension was a step closer to being cut when a friend who also retired from the city called her “up in arms” and demanded that she turn on the TV.
Wallace, who lives in Detroit, discovered that U.S. Bankruptcy Judge Steven Rhodes ruled Tuesday morning that yes, Detroit is eligible for Chapter 9. The shocker for retirees — Rhodes also ruled that city pension benefits won’t receive heightened protection in bankruptcy and may be cut.
Wallace, who lives in Detroit, discovered that U.S. Bankruptcy Judge Steven Rhodes ruled Tuesday morning that yes, Detroit is eligible for Chapter 9. The shocker for retirees — Rhodes also ruled that city pension benefits won’t receive heightened protection in bankruptcy and may be cut.