Statement regarding Judge Rhodes Confirmation of the Plan of Adjustment from the GRSD

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 bankruptcy. 

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News & Media Room

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Nov

14

Deal puts pension funds on stronger footing

Michael Van Overbeke wants to stress one point when it comes to the role of city pensions in Detroit's bankruptcy: The problem was the city's inability to make its scheduled pensio...

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Nov

07

Judge OKs bankruptcy plan; a 'miraculous' outcome

A federal judge today approved a plan to end Detroit's historic Chapter 9 bankruptcy, giving the Motor City an unprecedented shot at recovering from decades of economic despair and...

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