Friday, May 04, 2012

Possible Precedent for Pension Plans

Wonder what might happen with all the underfunded state and municipal pension plans.  This case may be worth following.  As the first line of the article states and the rest of the article expands on: "In what's believed to be a first by a public pension plan, the Northern Mariana Islands Retirement Fund, Saipan, filed for Chapter 11 bankruptcy protection on Tuesday."

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