DETROIT (AP) — Detroit appears to be a step closer to emerging from the largest municipal bankruptcy in U.S. history.

According to results from two months of balloting, workers and retirees have approved pension cuts.

General retirees would get a 4.5 percent pension cut and lose annual inflation adjustments.

Retired police officers and firefighters would lose a portion of their annual cost-of-living raise.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.