Bankruptcy
Dec. 6, 2013
Detroit bankruptcy ruling could affect California city cases
A federal judge's ruling this week could allow pension-saddled municipalities across the nation - including in California - to push public employees to take less retirement pay than they were promised.
Daily Journal Staff Writer
A federal judge's potentially landmark ruling this week in Detroit's bankruptcy petition could allow pension-saddled municipalities across the nation - including in California - to push public employees to take less retirement pay than they were promised.
Even as local government entities across the nation accumulated massive retirement obligations to employees, cities battered by the recession ...
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