TwitLonger

My statement on joining the City of Detroit federal bankruptcy case in defense of Southeast Michigan pensioners who may be at risk of losing their hard-earned benefits and our Constitution: “The City of Detroit’s bankruptcy will cause even greater hardship for many people in Southeast Michigan who are already struggling.  Detroit's $20 billion indebtedness is simply staggering.  Equally staggering is the financial uncertainty of pension benefits relied upon by Michigan seniors living on fixed incomes and anticipating a safe and secure retirement after a lifetime of work. Retirees may face a potential financial crisis not of their own making, possibly a result of pension fund mismanagement. Michigan’s constitution, Article 9, section 24, is crystal clear in stating that pension obligations may not be 'diminished or impaired. As Attorney General, I will defend the rights of Michigan citizens and defend the Constitution of the State of Michigan."

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