Quote:
Originally Posted by whell
Maybe not. Michigan has specific language in its constitution which may (or may not) supersede a bankruptcy process.
“The accrued financial benefits of each pension plan and retirement system of the state and its political subdivisions shall be a contractual obligation thereof and shall not be diminished or impaired thereby,” reads Section 24 of Article IX.
|
Would you be so kind as to clue in your governor? From all accounts I've read he doesn't appear to believe a contract is a contract.
__________________
I don't know half of you half as well as I should like, and I like less than half of you half as well as you deserve.
- Mr. Underhill
|
07-25-2013, 02:14 PM
Threaded Mode