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Puerto Rico Exits Bankruptcy, Solidifying the Protection of Retirees' Interests
Jenner & Block 
Feb. 8, 2022 "Against the backdrop of this massive discharge of debt, the accrued pension benefits of 167,000 government retirees are fully protected from any reductions. This result is particularly remarkable considering the Commonwealth's three retirement systems were essentially completely broke (average of 1.5% funding level) as of the commencement of the Title III case." MORE >> |
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