Political, popular obstacles block pension changes - WOWK 13 Charleston, Huntington WV News, Weather, Sports

Political, popular obstacles block pension changes

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    UPDATE: Route 2 now open following tractor trailer accident

    Monday, August 25 2014 4:00 PM EDT2014-08-25 20:00:48 GMT
    A tractor trailer is blocking part of Route 2. The road is closed until further notice. Drivers heading in both direction are being asked to use the Big Ben Bowen Highway connector by Target to get around.
    A tractor trailer is blocking part of Route 2. The road is closed until further notice. Drivers heading in both direction are being asked to use the Big Ben Bowen Highway connector by Target to get around.
(AP) -

Detroit's bankruptcy is casting a shadow over a long list of cities facing similar challenges of changing populations, waning industries, crushing debt and surging pension costs. But it's also giving mayors new urgency in the search for solutions to long-standing fiscal problems.

Pensions top the list. Detroit's emergency manager has proposed creating a new 401(k)-style retirement system, an idea floated in other cities along with proposals to reduce benefits and eliminate pension increases.

Chicago Mayor Rahm Emanuel wants big changes to the pension system covering city employees, but so far he's failed to get state lawmakers to go along.

Baltimore Mayor Stephanie Rawlings-Blake says that to her, the lesson of Detroit is that cities can no longer afford to put off tough solutions to complicated problems.

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