UAW's Bob King: Detroit workers' pensions 'should not be cut' - New York News

UAW's Bob King: Detroit workers' pensions 'should not be cut'

Posted: Updated:
UAW President Bob King UAW President Bob King
  • Detroit BankruptcyMore>>

  • Schuette endorses Detroit art deal in bankruptcy

    Schuette endorses Detroit art deal in bankruptcy

    Tuesday, June 17 2014 1:47 PM EDT2014-06-17 17:47:06 GMT
    Michigan Attorney General Bill Schuette has given his blessing to a deal that transfers control of art to the Detroit Institute of Arts.
    Michigan Attorney General Bill Schuette has given his blessing to a deal that transfers control of art to the Detroit Institute of Arts.
  • Detroit files plan to fix debt, leave bankruptcy

    Detroit files plan to fix debt, leave bankruptcy

    Friday, February 21 2014 12:49 PM EST2014-02-21 17:49:57 GMT
    Detroit's emergency financial manager filed a plan Friday that would bring the city out of bankruptcy, providing a detailed look at what the Motor City would look like when it finally sheds its financial burdens.
    Detroit's emergency financial manager filed a plan Friday that would bring the city out of bankruptcy, providing for the first time a detailed look at what the Motor City would look like when it finally sheds its financial burdens.
  • Gov. Snyder: 'Detroit's comeback is underway'

    Gov. Snyder: 'Detroit's comeback is underway'

    Friday, February 21 2014 11:35 AM EST2014-02-21 16:35:28 GMT
    Gov. Rick Snyder issued the following statement today on the filing of a plan of adjustment by  Detroit Emergency Manager Kevyn Orr that is part of the city's restructuring.
    Gov. Rick Snyder issued the following statement today on the filing of a plan of adjustment by  Detroit Emergency Manager Kevyn Orr that is part of the city's restructuring under Chapter 9 of the U.S. Bankruptcy Code.
DETROIT (WJBK) -

Worry coursing through Detroit has driven off-duty firefighters to the picket line and retired city workers to press conferences.

Detroit has filed for bankruptcy, and everything is on the table, including transforming terms of the city's pensions and eliminating retiree healthcare.

UAW President Bob King joined AFSCME leaders and politicians such as Bob Ficano for a news conference.

King said Detroit's bankruptcy is nothing like those of General Motors or Chrysler.

"We made many sacrifices, we made many changes, and we did not touch people's pensions because people's pensions are based on commitments and promises made over the years," King said.

Here is the difference. The auto industry got a federal bailout while Detroit not so much.

Still, union leaders said the city should go after outstanding tax revenue, not pensions and healthcare.

"This government has a responsibility to live up to the promises they've made to those workers, and those pensions should not be cut, and those workers' healthcare should not be cut," King said.

"I want to make sure that people understand they're going to continue to get pensions, but what we're talking about is the amount of under funded in the pensions, and we just have to deal with that. We have to come to an agreement on what that is, and we just have to move forward so people can know what to expect," said Bill Nowing, the spokesperson for the emergency manager.

Right now, Detroiters do not know what to expect. Unions and Detroit's pension boards are fighting this out in court.

Until everyone from city workers to retirees get clear details, that worry will not be going away.

There is a hearing scheduled Wednesday in bankruptcy court that will determine whether the lawsuits filed by the city's pension boards will be allowed to go forward.

  • Local NewsLocal NewsMore>>

  • Landmarks to light up for StandUp2Cancer telethon

    Landmarks to light up for cancer telethon

    Wednesday, August 27 2014 11:16 AM EDT2014-08-27 15:16:32 GMT

    More than a dozen landmarks across the U.S. and Canada will light up to promote next week's "Stand Up to Cancer" telethon. Organizers say the buildings that will be illuminated starting Friday include Rockefeller Center, Toronto's CN tower and the Wrigley Building in Chicago. The hourlong cancer fund-raiser will air Sept. 5 at 8 p.m. on 31 U.S. broadcast and cable networks including FOX.

    More than a dozen landmarks across the U.S. and Canada will light up to promote next week's "Stand Up to Cancer" telethon. Organizers say the buildings that will be illuminated starting Friday include Rockefeller Center, Toronto's CN tower and the Wrigley Building in Chicago. The hourlong cancer fund-raiser will air Sept. 5 at 8 p.m. on 31 U.S. broadcast and cable networks including FOX.

  • Owner says Showboat will definitely close Sunday

    Owner says Showboat will definitely close Sunday

    Its owner says Atlantic City's Showboat Casino Hotel will definitely shut down on Sunday.  A spokeswoman for Caesars Entertainment tells The Associated Press that despite expressions of interest from potential purchasers, the casino will be closed at 4 p.m. Sunday. Showboat is one of three Atlantic City casinos closing in the next few weeks.
    Its owner says Atlantic City's Showboat Casino Hotel will definitely shut down on Sunday.  A spokeswoman for Caesars Entertainment tells The Associated Press that despite expressions of interest from potential purchasers, the casino will be closed at 4 p.m. Sunday. Showboat is one of three Atlantic City casinos closing in the next few weeks.
  • Digital currency ATM in Greenwich Village

    Digital currency ATM in Greenwich Village

    Wednesday, August 27 2014 10:35 AM EDT2014-08-27 14:35:08 GMT
    The first ATM for BitCoin users in New York City is up and running in a store in Greenwich Village. The controversial, virtual currency is exchanged using a 'wallet' app on mobile devices. The ATM accepts cash but only returns virtual currency to the app. At the ATM in Flat 128, a store that sells UK-designed items, the fee for store owner Liz Dubois is less than that for a credit card transaction.
    The first ATM for BitCoin users in New York City is up and running in a store in Greenwich Village. The controversial, virtual currency is exchanged using a 'wallet' app on mobile devices. The ATM accepts cash but only returns virtual currency to the app. At the ATM in Flat 128, a store that sells UK-designed items, the fee for store owner Liz Dubois is less than that for a credit card transaction.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices