WASHINGTON — The Senate Finance Committee's top Republican said Wednesday that the bankruptcy judge's ruling Tuesday that Detroit's public pension funds could be subject to cuts is a wakeup call for Congress to consider his pension bill.

The SAFE Retirement Act (S. 1270), which Sen. Orrin Hatch, R-Utah, introduced in July, would allow state and local governments to invest in annuity contracts with private life insurance companies for employee retirement benefits.

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