Both Mayor Jerry Sanders' office and City Attorney Jan Goldsmith responded to my post this morning on the revelation that retired police and firefighters from a small city in Rhode Island have agreed to reduce their pensions in bankruptcy. That's important because Sanders and Goldsmith have argued that pensions couldn't be reduced through Chapter 9 to combat the idea that San Diego should explore bankruptcy,
Read the article here.
I guess someone consulted with a bankruptcy lawyer Phoenix. It's good to hear that everyone is working toward the same goal: fairness.
This is good news. I'm sure both parties will resolve this issue peacefully.
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