When the City Goes Broke: Pensions, Retirees, and Municipal Bankruptcies

One of 260 reports in the series: CRS Legal Sidebar available on this site.
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Description

This report first explains how, under current bankruptcy law, Chapter 9 (municipalities) debtors have significant freedom to modify their outstanding pension obligations through the bankruptcy process. The report then explores proposals to alter the legal principles governing the adjustment of municipal pensions in bankruptcy.

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3 pages.

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Lewis, Kevin M. April 10, 2018.

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This report is part of the collection entitled: Congressional Research Service Reports and was provided by the UNT Libraries Government Documents Department to the UNT Digital Library, a digital repository hosted by the UNT Libraries. It has been viewed 92 times. More information about this report can be viewed below.

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  • Main Title: When the City Goes Broke: Pensions, Retirees, and Municipal Bankruptcies
  • Series Title: CRS Legal Sidebar

Description

This report first explains how, under current bankruptcy law, Chapter 9 (municipalities) debtors have significant freedom to modify their outstanding pension obligations through the bankruptcy process. The report then explores proposals to alter the legal principles governing the adjustment of municipal pensions in bankruptcy.

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3 pages.

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Congressional Research Service Reports

The Congressional Research Service (CRS) is the public policy research arm of Congress. This legislative branch agency works exclusively for Members of Congress, their committees and their staff. This collection includes CRS reports from the mid-1960's through 2018—covering a variety of topics from agriculture to foreign policy to welfare.

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  • April 10, 2018

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  • May 23, 2018, 3:05 p.m.

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Thumbnail image of item number 1 in: 'When the City Goes Broke: Pensions, Retirees, and Municipal Bankruptcies'.
Thumbnail image of item number 2 in: 'When the City Goes Broke: Pensions, Retirees, and Municipal Bankruptcies'.
Thumbnail image of item number 3 in: 'When the City Goes Broke: Pensions, Retirees, and Municipal Bankruptcies'.

PDF Version Also Available for Download.

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Lewis, Kevin M. When the City Goes Broke: Pensions, Retirees, and Municipal Bankruptcies, report, April 10, 2018; Washington D.C.. (https://digital.library.unt.edu/ark:/67531/metadc1156733/: accessed December 9, 2025), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; crediting UNT Libraries Government Documents Department.

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