I am curios what would happen if they simply abandoned the city charter? If the city is insolvent then in effect if can no longer exist.

At some point those supporting our govt pension system has to acknowledge out of money is out of money.

Already in many municipalities pensions considerably exceed any other aspect of the budget and as revenues continue to plummet things are only going to get worse particularly when you consider it is likely those responsible for approving pensions will continue lavish increases as things get worse.