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Richard McDaniel

Public Pensions in Bankruptcy Court

By THE EDITORIAL BOARD NYTimes Published: April 13, 2013 Devastated by the recession, the city of Stockton, Calif., is trying to renegotiate its debts in a bankruptcy case that could set an important precedent on whether courts can forcibly reduce the pensions of government employees. Like many cities hit hard by the bursting of the housing bubble, […]