10/19/13
I've been looking for some good news this dismal morning, and guess what I found? Detroit, that bastion of Progressive Nirvana, teetering on the edge of municipal bankruptcy, has dumped their retirees into Obamacare!
As bankruptcy hearings continue in Detroit to determine the legality of the city's historic Chapter 9 bankruptcy filing in July, state workers are hoping to get some clarity on the future of their pension benefits.
While bankruptcy and union lawyers continue to battle it out, the city has already announced significant changes to its retiree health benefits program. Effective Jan.1, retired city workers under age 65 will no longer receive full coverage from the state and will instead receive a $125 stipend to shop in Michigan's health-care exchange under the newly-rolled out Affordable Care Act.
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