RSCD News & Media Room

Current News That May Interest You:

Federal judge approves Detroit’s blueprint to exit bankruptcy

Friday, November 07, 2014

A federal judge on Friday approved Detroit’s plan to emerge from the largest municipal bankruptcy in U.S. history, fueling hopes that the revival of a city that for decades has been a national symbol of urban decline is at hand. Read More »

Statement regarding Judge Rhodes Confirmation of the Plan of Adjustment from the General Retirement System of The City of Detroit

Friday, November 07, 2014

DETROIT, Mich. – (November 7, 2014) – “The General Retirement System’s Board of Trustees are relieved that this turbulent period in Detroit’s history and in our pensioners lives has come to conclusion with Judge Rhodes ruling to confirm the Eighth Amended Plan of Adjustment in the City of Detroit ba... Read More »

Benefits Administration Office is Relocating

Wednesday, October 01, 2014

The Benefits Administration Office is relocating and will be closed to the public on Monday, September 22, 2014 and Tuesday, September 23, 2014. Individuals with benefit concerns may contact Benefits Express at 1-855-224-6200. The Benefits office will reopen to the public on Wednesday, September... Read More »

Syncora reaches comprehensive deal in Detroit bankruptcy

Monday, September 29, 2014

Detroit — Bond insurer Syncora Guarantee Inc. reached a comprehensive deal Monday with Detroit following marathon weekend negotiations on the sidelines of the city’s bankruptcy case. And in a stark reversal, the bond insurer’s legal team filed a four-page apology Monday to Chief U.S. District Jud... Read More »

Bankruptcy creates 'unique opportunity' for regional water board

Thursday, September 18, 2014

If Detroit's historic water deal is an opportunity seized, the proof is in the details — and who pushed hardest to get it done. Representatives from the city and the three suburban counties made the rounds Thursday to explain the complex transaction. The agreement aims to excise the Detroit Water... Read More »

Obama official lauds retiree deal in Detroit bankruptcy trial

Wednesday, September 17, 2014

Detroit — An agreement to reduce pensions and heath plans for Detroit’s retirees was hard-fought and will be painful, but is appropriate for the good of revitalizing the city, an adviser in the city’s historic bankruptcy case said Wednesday. Ron Bloom, the former “auto czar” for President Barack ... Read More »

Detroit City Council approves $275M in bankruptcy exit financing

Monday, September 15, 2014

Detroit — The Detroit City Council unanimously approved a resolution Monday supporting the $275 million in financing the city needs when it exits bankruptcy. The city announced in August it had reached a deal with Barclays Capital Inc, which will provide the funding to help carry out Detroit’s re... Read More »

Duggan: Detroit bankruptcy plan seeks fairness for retirees, current workers

Wednesday, September 03, 2014

Detroit — Mayor Mike Duggan told a national TV audience Wednesday that Detroit’s proposed bankruptcy plan of adjustment seeks to balance obligations to retirees while acknowledging the need for smaller pensions for current employees. “Part of the plan of adjustment that the (bankruptcy) judge is ... Read More »

NOTICE: April 17, 2014 Retiree Health Education & Enrollment Event

Thursday, February 27, 2014

The City of Detroit Retirees are invited to:  Retiree Education and Enrollment Event Date: April 17th, 10am- 2pm Location: Northwest Activities Center, 18100 Meyers Since the retiree coverage ended February 28, retirees have until April 29 to sign up for a marketplace health plan. Descriptio... Read More »

NOTICE: City of Detroit new Health Care Settlement Agreement

Thursday, February 20, 2014

Official City of Detroit Notice regarding new settlement agreement Important notice to benefit eligible City of Detroit Retirees. In a settlement agreement with the Official Committee of Retirees of the City of Detroit, Michigan, Detroit Retired City Employees Association, Retired Detroit Polic... Read More »

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