The Craig Fahle Show

Ballot Breakdown For Detroit Pensioners

Tuesday, June 17, 2014

Detroit pensioners have a lot of important questions about the upcoming vote on the city's proposed Plan of Adjustment. General counsel for Detroit's General Retirement System Michael VanOverbeke and bankruptcy reporter and Next Chapter Detroit blogger Sandra Svoboda sit down with Craig to talk about the ballot and take listeners' calls.

Votes from the city’s 32,000 pensioners will directly impact the survival of the “Grand Bargain.” Without approval from Detroit retirees, funds that help to support pensions in the “Grand Bargain” will be taken off the table.

Officials with the city’s General Retirement System have been organizing meetings to answer the questions of non-uniform city pensioners. Sandra attended one of those meetings last week, and says it was clear that “many people are still unsure of how they are voting.”

In addition to recapping some of the most frequently asked questions by pensioners, VanOverbeke and Sandra also took calls from listeners today. Both understand there is a reluctance to accept the terms of the deal, and one caller’s comment questioning the illegality of cutting those pensions illustrated just that.

Sandra and VanOverbeke also discussed the vote counting process with Sarah, a Detroiter who called in with some concerns. The votes will be calculated by Kurtzman Carson Consultants (KCC), a group based out of California, and VanOverbeke emphasizes that the ballots must be received by July 11th.

For more information, Detroit pensioners can go to Next Chapter Detroit’s next community meeting, happening in Southwest Detroit, June 25th.

--Annamarie Sysling

Find more coverage of Detroit's bankruptcy and its impact on people and neighborhoods on WDET's Next Chapter Detroit blog.

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