One-on-one with Gov. Snyder: Pensions, bankruptcy and the future - Boston News, Weather, Sports | FOX 25 | MyFoxBoston

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>>

  • Feds investigating brakes on Chevrolet Impala

    Feds investigating brakes on Chevrolet Impala

    Wednesday, April 23 2014 7:27 AM EDT2014-04-23 11:27:34 GMT
    DETROIT (AP) -- Federal regulators are investigating the 2014 Chevrolet Impala after a driver reported that the emergency braking system activated multiple times without warning. The driver says that in one instance, the Impala was traveling at 40 miles per hour with no one in front of it when the brakes activated. The car was struck in the rear by another vehicle. No injuries were reported. The National Highway Traffic Safety Administration opened the investigation to determine whether ...
    DETROIT (AP) -- Federal regulators are investigating the 2014 Chevrolet Impala after a driver reported that the emergency braking system activated multiple times without warning. The driver says that in one instance, the Impala was traveling at 40 miles per hour with no one in front of it when the brakes activated. The car was struck in the rear by another vehicle. No injuries were reported. The National Highway Traffic Safety Administration opened the investigation to determine whether ...
  • Bruins beat Red Wings 3-0 in Game 3, take 2-1 lead

    Bruins beat Red Wings 3-0 in Game 3, take 2-1 lead

    Bruins beat Red Wings 3-0 in Game 3, take 2-1 lead

    Wednesday, April 23 2014 7:10 AM EDT2014-04-23 11:10:09 GMT
    Tuukka Rask finished with a 23-save shutout to give the Boston Bruins a 3-0 win over the Detroit Red Wings on Tuesday night for a 2-1 playoff series lead.
    Tuukka Rask finished with a 23-save shutout to give the Boston Bruins a 3-0 win over the Detroit Red Wings on Tuesday night for a 2-1 playoff series lead.
  • Hire Detroit job fair happens on April 23

    Hire Detroit job fair happens on April 23

    Wednesday, April 23 2014 6:38 AM EDT2014-04-23 10:38:38 GMT
    More than 30 companies will be on hand Wednesday as city officials host the Hire Detroit job fair. The event takes place between 9 a.m. and 3 p.m. at the Matrix Center on 13560 E. McNichols.
    More than 30 companies will be on hand Wednesday as city officials host the Hire Detroit job fair. The event takes place between 9 a.m. and 3 p.m. at the Matrix Center on 13560 E. McNichols.
  • Download the FOX 2 Apps


  • FOX 2 News Five-Day Forecast
Powered by WorldNow

25 FOX Drive
Dedham, MA 02026

Phone (781) 467-2525

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