Once Safe, Public Pensions Are Now Facing Cuts
Years of supporting court interpretations have enshrined the view that once a public employee has earned a pension, no one can take it away. Even during New York City's fiscal crisis 30 years ago, no existing pension promises were reduced. But now a number of state and local governments are quietly challenging those guarantees.
http://www.truthout.org/issues_06/110606LA.shtml
http://www.truthout.org/issues_06/110606LA.shtml
rudkla - 7. Nov, 11:44
