Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.
Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!
... Some of the cities that are currently facing a significant pension crisis include:
The legal ability of cities to reduce pension obligations varies depending on the state and the specific legal framework governing their pension systems. In general, cities that are part of states with more flexible pension laws will have greater ability to modify pension benefits for current and future employees to address funding shortfalls. On the other hand, cities that are part of states with more rigid pension regulations may face legal barriers that prevent them from making significant changes to their pension obligations.Of those cities, which are legally able to reduce pension obligations and which are not?
Which states protect pension benefits from impairment or diminishment and what cities within those states have unfunded pension liabilities of at least $1 billion?The legal ability of cities to reduce pension obligations varies depending on the state ...
There are several states that protect pension benefits from impairment or diminishment, including Illinois, Michigan, California, and Pennsylvania.Which states protect pension benefits from impairment or diminishment and what cities within those states have unfunded pension liabilities of at least $1 billion?