|Detroit emergency manager fires pension fund chair||| Print ||
|Written by Associated Press|
|Sunday, 01 September 2013 05:20|
DETROIT (AP) â€” Detroit's state-appointed emergency manager has fired the chairman of one of the city's two pension funds from his municipal job.
The Detroit News and Detroit Free Press report Friday that Kevyn Orr fired Cedric Cook. Cook served as a senior data program analyst for information technology services and has been chairman of the Detroit General Retirement System.
Cook took an all-expenses-paid trip this year to a conference in Hawaii. Orr spokesman Bill Nowling says the dismissal was due to Cook's poor job performance, not for taking the trip.
Cook told The News his firing is "ridiculous" and he plans to pursue a grievance or legal action.
Orr filed for municipal bankruptcy in July, aiming to restructure at least $18 billion in liabilities.
The pension systems are the largest unsecured creditors.
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