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Detroit emergency manager proposes cutbacks in health plan for city workers to save $12 million

DETROIT (Reuters) – Detroit Emergency Manager Kevyn Orr on Friday proposed a new healthcare plan for city workers that is projected to save the city $12 million a year by raising deductibles and trimming the number of plans available. Orr aims to cut the number of healthcare plans available to…

Detroit emergency manager opens investigation into pension fraud

By Steve Neavling DETROIT (Reuters) – Detroit Emergency Manager Kevyn Orr is ordering a joint investigation into the city’s two pension funds, in search of evidence of suspected fraud, corruption, waste and other possible malfeasance. Orr, a restructuring attorney appointed to reduce the city’s runaway debt, signed an order on…

Michigan governor appoints bankruptcy expert Kevyn Orr to run Detroit

Michigan Governor Rick Snyder tapped a restructuring expert who helped successfully steer Chrysler through a government-backed bankruptcy to lead a state takeover of Detroit. The move by a white, Republican governor to take control of a predominantly black and Democratic city has drawn intense criticism and charges of racism. The…

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