One week until deadline to vote on Detroit's bankruptcy settlement. Where do things stand?

Jul 4, 2014

Credit Sarah Cwiek / Michigan Radio

The clock is ticking.

Detroit's bankruptcy settlement has gotten through the State Legislature and the private foundations. Now it's all up to 32,000 city employees and retirees.

They're being asked to say "yes" to having their pensions cut, and promising not to sue the city.

In return, the pension cuts will not be as severe as they would be under what's become known as the Grand Bargain.

Michigan Radio's Detroit reporter Sarah Cwiek joined us on Stateside. She explained the transparency issue surrounding the voting process, what the different classifications of retirees mean, and what we should keep our eyes on, during next week leading up to the July 11th deadline.

*Listen to full interview above.