Municipal Bankruptcy and Pension Reform: A Way Out?

As an increasing number of local and municipal governments find themselves in dire financial straights, leaders are looking towards new methods of increasing revenues and cutting costs. One cost saving method already attracting a great deal of legislation and litigation is pension reform. Our experts discussed the challenges faced by cities considering a restructuring of their pension plans, as well as the strength of various arguments regarding the legality of these efforts.

Featuring:

• Prof Thomas W. Merrill, Charles Evans Hughes Professor of Law, Columbia Law School
• Prof. David A. Skeel, S. Samuel Arsht Professor of Corporate Law, University of Pennsylvania Law School
• Moderator: Mr. Erik S. Jaffe, Sole Practitioner, Erik S. Jaffe, PC