If a city goes bankrupt, should it still be obliged to pay the pensions of its r

  1. Clarke Stevens profile image75
    Clarke Stevensposted 6 years ago

    If a city goes bankrupt, should it still be obliged to pay the pensions of its retirees?

    Or should the public employee retirees wait in line with the city's other creditors?

    https://usercontent1.hubstatic.com/5409750_f260.jpg

  2. Uninvited Writer profile image85
    Uninvited Writerposted 6 years ago

    They definitely should be obliged to pay the pensions of everyone... Would you rather people starve instead?

  3. BWD316 profile image85
    BWD316posted 6 years ago

    yes they should pay, many of those people traded a higher pay for better benefits including paying into a pension and other benefits, its a contract that shouldn't be broke.  However i heard somewhere on a news show that if the city declares bankruptcy they can then renegotiate all pensions even the ones they"re handing out, whether it's true or not i have no idea.

 
working