Detroit Reaches Accord With Police, Firefighter Retirees

Detroit reached an agreement on pensions and health benefits with a group representing retired police officers and firefighters, as mediators seek deals with other retirees in the city’s record $18 billion bankruptcy.

Police and firefighter retirees would see no cuts in their monthly pensions, while cost-of-living increases would be reduced by more than half. Previously the city had offered the group 94 percent of their pensions and no cost-of-living increases.