[quote=andymajumder]I keep hearing this – even on KPBS radio I heard this a couple of times, that the pension commitments cannot be gotten rid off and even if the city declares bankruptcy – it still has to pay these ridiculous pensions. Is that true?[/quote]
No bankrupt municipality has overturned guaranteed pensions before. To do so in San Diego, a federal bankruptcy judge would have to overrule the city charter, the state constitution and in effect create new law. If it happened, the case would almost certainly go to the U.S. Supreme Court. Goldsmith believes justices would think the ruling impinged on state’s rights and overturn it.
