... were taken to jail, and the city declared bankruptcy. So those pensions are now paid by you and me via the federal Pension Benefit Guarantee Corporation. This is egregious. Defined benefit pensions should be reduced to 70 percent of the base salary. ...
http://www.thepilot.com/news/2013/apr/12/rules-pensions-must-change/
http://www.thepilot.com/news/2013/apr/12/rules-pensions-must-change/
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