TITLE

Detroit's Ax Avoids Pensions

AUTHOR(S)
Investor's Business Daily
PUB. DATE
April 2014
SOURCE
Investors Business Daily;4/29/2014, pA01
SOURCE TYPE
Newspaper
DOC. TYPE
Article
ABSTRACT
3 The bankruptcy looks likely just to trim the edges of Detroit's pension and other legacy liabilities. Stockton, Calif., is also leaving pensions untouched in its own plan. These cases raise doubts about whether the municipal bankruptcies will accomplish their goal of putting cities on a sound footing. Vallejo, Calif., may soon re-enter bankruptcy because it avoided major cuts.
ACCESSION #
95789165

 

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