The Federalist Society

Pension Reform: The Road Forward - Podcast

Financial Services and E-Commerce Practice Group Podcast

December 6, 2013

David Skeel, Dean A. Reuter

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  Pension Reform: The Road Forward - MP3
Running Time: 0:56:07

Pension Reform: The Road Forward - PodcastOn December 3, 2013, a federal judge held that the city of Detroit is eligible to shed billions in debt in the largest public bankruptcy ever in the United States. The judge also ruled that public pensions could be reduced during reorganization, a provision in Michigan's Constitution notwithstanding. As an increasing number of local and municipal governments find themselves in dire financial straits, leaders are looking to new methods of increasing revenues and cutting costs, including pension reform. Professor David Skeel discussed the challenges faced by cities considering a restructuring of their pension plans, as well as the strength of various arguments regarding the legality of those efforts.

Featuring:

  • Prof. David A. Skeel, S. Samuel Arsht Professor of Corporate Law, University of Pennsylvania Law School
  • Moderator: Dean Reuter, Vice President and Director of Practice Groups, The Federalist Society

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Related Links

Teleforum
"Can Pensions be Restructured in (Detroit’s) Municipal Bankruptcy?" White Paper by David Skeel


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