One-on-one with Gov. Snyder: Pensions, bankruptcy and the future - FOX13 News, WHBQ FOX 13

One-on-one with Gov. Snyder: Pensions, bankruptcy and Detroit's future

Posted: Updated:
(WJBK) -

Gov. Rick Snyder says he has high hopes for the future of Detroit, despite the city's bankruptcy.

In a one-on-one interview with Fox 2's Huel Perkins, Snyder again insisted filing for Chapter Nine protection was the best way to preserve the city's current cash flow and begin the process of restoring services to the people.

He refused to say how much retiree pensions might be cut in negotiations but said no one will lose their entire pension, explaining "to the degree they have vested pension benefits that are funded, those aren't part of the bankruptcy. It's really the unfunded portion of the pension that's subject to this plan of adjustment."

He adds, "It's terrible we ended up in this circumstance. This is 60 years of neglect in terms of how the city's been managed, in terms of that and the pension funds. So, the tough part is we need to work through this in some thoughtful, constructive ways. So, again, hopefully [pensioners] know people are being sensitive to their needs."

VIDEO: Click on the video player above to watch the full, raw one-on-one interview with Gov. Snyder

  • Local NewsLocal NewsMore>>

  • Fire from lightning strike devastates Roseville church

    Fire from lightning strike devastates Roseville church

    Tuesday, July 29 2014 12:10 PM EDT2014-07-29 16:10:35 GMT
    A raging fire happens in Roseville and of all places to be struck by lightning - the steeple of the New Life Church of God in Christ.Pastor Darrell Moore and his family are devastated."I got here and I found out I really didn't have a church anymore, " he said. Moore was attending a Sunday evening service at another church, when a member of new life called him repeatedly. When he finally answered, it was bad news."The fire department was here, there was water everywhere," said Mary Moore, mot...
    A raging fire happens in Roseville and of all places to be struck by lightning - the steeple of the New Life Church of God in Christ.Pastor Darrell Moore and his family are devastated."I got here and I found out I really didn't have a church anymore, " he said. Moore was attending a Sunday evening service at another church, when a member of new life called him repeatedly. When he finally answered, it was bad news."The fire department was here, there was water everywhere," said Mary Moore, mot...
  • Grosse Pointe Park's new farmer's market seen by some as a barrier to Detroit

    Grosse Pointe Park's new farmer's market seen by some as a barrier to Detroit

    Tuesday, July 29 2014 11:58 AM EDT2014-07-29 15:58:07 GMT
    Some Detroiters are calling for a boycott of Grosse Pointe Park after the city built a farmer's market that they believe cuts off access to and from Detroit.
    Some Detroiters are calling for a boycott of Grosse Pointe Park after the city built a farmer's market that they believe cuts off access to and from Detroit.
  • Neighbors tie pink ribbons to remember murdered Armada teen

    Neighbors tie pink ribbons to remember murdered Armada teen

    Tuesday, July 29 2014 10:40 AM EDT2014-07-29 14:40:12 GMT
    The community in Armada Township is pulling together to support the family of murdered 14-year-old April Millsap.
    The community in Armada Township is pulling together to support the family of murdered 14-year-old April Millsap.
  • Download the FOX 2 Apps


  • FOX 2 News Five-Day Forecast
Powered by WorldNow

WHBQ-TV | Fox 13
485 S. Highland St.
Memphis, TN 38111

Main Station: (901) 320-1313
Newsroom: (901) 320-1340

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