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Michigan Judge Bars Detroit From Cutting Pension Benefits

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July 18 (Bloomberg) -- A Michigan judge temporarily barred the state’s governor and Detroit’s emergency manager from taking any action that would allow cuts in pension benefits for city retirees.

Ingham County Circuit Court Judge Rosemarie E. Aquilina rejected a bid by the General Retirement System and the Police and Fire Retirement System of the City of Detroit to block the city’s bankruptcy filing. The pension funds sued yesterday seeking to stop the filing.

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To contact the reporter on this story: Margaret Cronin Fisk in Detroit at mcfisk@bloomberg.net

To contact the editor responsible for this story: Mary Romano at mromano6@bloomberg.net

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