Skillman pledges $3.5 million for Detroit retirees - Dallas News | myFOXdfw.com

Skillman pledges $3.5 million for Detroit retirees

Posted: Updated:
DETROIT (AP) -- The Detroit-based Skillman Foundation is contributing $3.5 million to help offset health care cuts to city retirees.

Mediators in Detroit's bankruptcy made the announcement Tuesday.

The city no longer provides health insurance for some city retirees and has reduced benefits for others as part of its bankruptcy restructuring. The Skillman donation would help preserve health care benefits for families with children and grandchildren.

It isn't part of efforts by other foundations and private citizens to protect city-owned artwork from sale by funding municipal employee pensions. So far, foundations have committed about $370 million to that plan.

The Michigan Senate on Tuesday approved legislation to spend $195 million to help shore up Detroit's pension funds.

The Detroit Institute of Arts has said it will raise an additional $100 million.


Powered by WorldNow

KDFW FOX 4
400 N. Griffin Street
Dallas, Texas 75202

Main Station Directory:
(214) 720-4444
News Fax:
(214) 720-3263 or (214) 720-3333

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices