Objectors in Detroit bankruptcy ask to appeal directly to circuit court

Comments (2)
z0rr0 wrote:

Only 20 years ago, an NJ Governor named Christie Whitman decided not to fund the state pension, with the blessing of the court. Within the next decade, politicians across the US grabbed at the annual pension contributions as if it was a candy jar at Halloween.

20 years ago the court’s ruling was based on the obligation of NJ to make monthly pension check, not to “maintain a fund”. Judge Rhodes just set the precedent for the next generation of politicians to ignore the obligations to retirees.

The private sector has killed pensions for it’s retirees. The public sector, I fear will be following shortly!

Dec 05, 2013 2:50pm EST  --  Report as abuse
z0rr0 wrote:

Only 20 years ago, an NJ Governor named Christie Whitman decided not to fund the state pension, with the blessing of the court. Within the next decade, politicians across the US grabbed at the annual pension contributions as if it was a candy jar at Halloween.

20 years ago the court’s ruling was based on the obligation of NJ to make monthly pension check, not to “maintain a fund”. Judge Rhodes just set the precedent for the next generation of politicians to ignore their obligations to retirees as well.

The private sector has killed pension for it’s retirees. The public sector, I fear will be following shortly!

Dec 05, 2013 3:31pm EST  --  Report as abuse
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