Gov. Rick Snyder says bankruptcy could lead to smaller pension checks.
Mon, 22 Jul 2013 15:10:03 GMT — DETROIT (AP) - Gov. Rick Snyder says Detroit's bankruptcy could lead to smaller pension checks for current Detroit retirees. Snyder says "everything's on the table" in bankruptcy court. He tells Detroit radio station WWJ that cuts to current retirees "could be one of those unfortunate things that comes out of this process." The governor, a Republican, says it's important that retirees are represented in bankruptcy court. He says emergency manager Kevyn Orr has asked the judge to appoint lawyers. Snyder says bankruptcy is the right choice for Detroit. He says debt must be shed and services must be improved for the city's 700,000 residents. Asked if he's been losing sleep over the bankruptcy decision, the governor says, "This is just doing my job.
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