"When Central Falls, R.I., emerged from Chapter 9 bankruptcy a few weeks ago, it did so with a court-sanctioned plan that calls for, among a litany of tax increases and spending cuts, lower pension payments. In other words, the city will be sending less money to its pension plan, reducing its costs but also decreasing the benefits for a group of the city's retirees. Central Falls isn't the only city in the country having trouble funding its pension plan."  MORE >>