Detroit Police Officers Association move closer to Grand Bargain

Detroit Police Officers Association move closer to Grand Bargain agreement

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DETROIT (WJBK) - By now, you are all well aware, that the governor of our great state, Rick Snyder is ready to ink a pretty big deal. The bill, better known as the Grand Bargain, is about a $800 million deal, to save the pensions of city workers.and save art work at the DIA.

Are you also aware that this "big proposal" could be for naught, with a no vote from city's pensioners and workers. The deadline for this historic vote is just a few days away, Friday, July 11. Detroit City workers and retires have a decision to make and time is no longer on their side.

Mark Diaz is the president of the Detroit Police Officers Association and it has been a long time coming, but a tentative agreement was reached on this Tuesday. PLAY THE VIDEO IN THE PLAYER TO GET MORE ON WHAT HAPPENED TODAY FROM FOX 2'S ANDREA ISOM>>

UPDATE JULY 9: Fox 2 is now getting word on the details of the economic portion of the agreement.

  • A 5 percent pay increase will begin on July 1, 2014 in addition to a one-time bonus of $1,156 on December 1, 2014.
  • A 2 percent bonus will go in effect January of 2015 and a 1 percent bonus in August of 2015.
  • Small bonuses will also be enacted twice a year through 2018 totaling $3,274.
Members still need to vote on the plan
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STATEMENT OF DETROIT BANKRUPTCY MEDIATORS

The Mediators are pleased to announce that the City of Detroit and the Detroit Police Officers Association ("DPOA") have reached agreement on important core economic terms that will become part of a multi-year collective bargaining agreement. This agreement covers wages, health care, retention payments and pensions. The City and the DPOA have agreed to continue negotiations with a goal of reaching a five-year CBA. In exchange, the DPOA urges its members to vote "Yes" on the City's Plan of Adjustment. Ballots are due by 5 pm Friday, July 11, 2014.

The agreement was reached after intensive negotiating sessions spanning more than nine months, sessions in which the parties' interests were fully and vigorously represented and all issues robustly negotiated. The Mediators wish to express their appreciation to the parties, their counsel and advisors for the good faith spirit and professionalism in which they engaged each other and the Mediators in the many mediation sessions.

The Mediators are privileged to have played a role in assisting the parties to find common ground in reaching a resolution that reflects not only a fair agreement for the City, its residents, and police officers, but which will also expedite and facilitate the City's exit from bankruptcy. With this agreement, only a few remaining, albeit significant, disputes remain to be addressed between the City and its creditors prior to the Bankruptcy Court's scheduled hearing on the City's Plan of Adjustment, and the Mediators pledge to re-double their efforts to resolve those remaining issues and reach meaningful agreements between the remaining creditors.

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