Tag Archives: pension cuts

Portugal’s Supreme Court Overturns Pension Cuts

On Thursday, Portugal’s Supreme Court issued an unanimous decision that the law mandating a 10% cut in public pensions of over 600 euros ($820) a month is unconstitutional. The court ruled that the pension cut violates “the principle of protection … Continue reading

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Either Wall Street or Your Pension Is Bankrupt

 8 Aug. (LPAC) Both “Mussolini Mike” Bloomberg and Wall Street Journal editor Steven Moore demanded in Aug. 6 statements that municipal pensions and healthcare benefits be cut across the nation immediately, claiming that this would avoid “the fate of Detroit” … Continue reading

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Detroit Requests Congressional Hearing; Swaps Costs May Be Worse

30 July (LPAC) — The Detroit City Council unanimously approved a resolution today calling for a Congressional (House Judiciary Committee) hearing on the “strategic” use of bankruptcy filings across the nation, and whether Detroit is using this to cut pensions … Continue reading

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