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Bankrupt Detroit's Obligations Include $86.5M Comp Liabilities

Tuesday, July 23, 2013 | 0

By David Dankwa, Senior ReporterAlthough a drop in the bucket compared to its pension obligations, workers’ compensation liabilities are going to be an issue in Detroit's $18.5 billion bankruptcy, the largest city filing in U.S. history.As of June 30, Detroit owed at least $264.6 million in so-called "other liabilities," which include $86.5 million in accrued workers’ compensation for which the city is self-insured.According to Kevin Orr, the governor-appointed emergency manager of Detroit, approximately $11.9 billion out of the city's $18.5 billion in accrued obligations a...

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