Law Office Of Marc J. Lane
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Chicago, IL 60602
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The city of Harvey remained locked in a court fight with state officials and its own public worker pension funds over its ability to use sales tax dollars to pay its bills. But it likely is just one of dozens of cities and other governments across Illinois poised to land on the wrong side of a state law mandating pension fund payments.
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A federal appeals court in Ohio has upheld a ruling rejecting claims that Detroit retirees’ pensions were unfairly cut, demonstrating that declaring bankruptcy may be a viable, if extreme, way to deal with a city’s overwhelming pension obligation.
