WELL, THAT SOUNDS PROMISING: Detroit Emerges From Bankruptcy, Pension Risk Intact. “The pension system that the settlement leaves behind has some of the same problems that plunged the city into crisis in the first place — fundamental problems that could also trip up other local governments in the coming years. Like many other public systems, it relies on a funding formula that lags the true cost of the pensions, and is predicated on a forecast investment return that the judge, Steven W. Rhodes, himself sharply questioned during the trial on Detroit’s bankruptcy plan.” So, basically, they missed a chance to fix a major structural problem.