Your link notes that the Pension Benefit Guaranty Corporation does not insure state, county or local plans, i.e. Detroit.
"Under Title IV of the Employee Retirement Income Security Act of 1974 (ERISA), the Pension Benefit Guaranty Corporation (PBGC) administers two very different pension insurance programsone covers single-employer plans and the other covers multiemployer plans. These programs are separately funded and maintained."
Check out their data books to see how union companies and national unions have tanked the security of their workers: Pension Insurance Data Books