Detroit’s 32,000 pensioners each have a vote on the city’s Plan of Adjustment, the “blueprint” that shows how the city will restructure its debt and services as it (eventually) emerges from bankruptcy. (Here’s a visual explainer of the 32,000 pensioners.)
A vote in favor of the plan by both the General Retirement System and the Police and Fire Retirement System will kick in the so-called “Grand Bargain“.
But a vote in favor of the plan is not as cut and dry as a simple”yay” or “nay”. The “yay” is a bit more complicated. So we broke out what it looks like in this graphic: