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Tug of War: Pension Plan Participants vs. Bankruptcy Claimants
Pension Risk Matters Link to more items from this source
[Opinion]
Dec. 15, 2014
"[C]ustomer risk is real for organizations such as Franklin Templeton. Unless its higher costs can be passed along to customers, expect some lenders and suppliers to say 'never mind' and look elsewhere for business. This would logically reduce the supply of capital and services and could mean higher costs for all municipalities, not just those seeking bankruptcy protection.... The best outcome is that pension-plagued municipalities seeking to exit from bankruptcy get their financial house in order as quickly as possible."

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