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Posts tagged "municipal pension"

Bankruptcy Decision Could Put Public Pensions at Risk in California

creditor rights.jpgChapter 9 of the Bankruptcy Code allows municipalities, such as cities and counties to file for bankruptcy. Since 2011, there has been a wave of municipal bankruptcies due in part to the economic recession and also the issue of unfunded retirement obligations. The question is whether municipalities filing for Chapter 9 bankruptcy can reduce their payments to public pensions as part of a readjustment plan.

  • Santa Clara County Bar Association | 1917
  • American Inns of Court
  • CWL | California Woman Lawyers
  • Bay Area Bankruptcy | Forun
  • The State Bar of California
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