I dont understand the logic of saying the city needs to claim bankruptcy in order to not honor a contract. Thats just shady as hell IMO. If they need to claim bankruptcy then go for it, but just to get out of contracts they made with people years ago?
Those people are making a killing on their pensions and Im not saying its right or wrong. Everyone is going to have their own opinion on that one. But imagine working 30 years for a company under a contract they agreed to, only to have them file bankruptcy so they dont have to honor it. Fuck that!
**EDIT** Oh and FTP!