Detroit pension officials: Funds 'cannot be touched' in bankruptcy

The Detroit News reports:

Seeking to quell fears of retirees, Detroit pension fund officials stressed Wednesday that the funds’ current combined value of $5 billion “cannot be touched” in bankruptcy.

Pension officials said the market value of the retirement funds is not in danger despite a judge’s ruling Tuesday that Detroit is eligible for bankruptcy and that pensions can be impaired to restructure the city’s debt.