• Robert Pozen


Debt-Saddled Municipal Budgets Get a Lifeline: A unanimous Supreme Court held that health benefits for retired workers can be renegotiated or reduced. Robert Pozen, March 1, 2015, Opinion. "While underfunded public-employee pensions capture the headlines, health-insurance benefits for retired state and local workers are also a huge problem. But a recent ruling by the Supreme Court may help state and local governments scale back these benefits. Unlike public pension plans, retiree health benefits aren't funded in advance; they are typically paid out of current tax revenues..." May require purchase or user account. Link