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1
Stockton's case will test how far courts are willing to let cities
cut
retiree
benefits.
2
Rhodes' December 3 ruling also said the city could
cut
retiree
pensions as part of its restructuring.
3
Stockton is seeking Chapter 9 protection from its creditors and said that it would
cut
retiree
health benefits while it reorganizes.
4
While Stockton will
cut
retiree
healthcare coverage, it does not plan to alter pension plans for fear of a battle with Calpers.
5
In one instance, Snyder invoked privilege when he was asked whether he had considered restructuring proposals that did not
cut
retiree
pension payouts.
6
But U.S. legislation passed in 2014 opened the door to the possibility of
cutting
retiree
benefits.
7
About $7 million in savings would come from
cutting
retiree
medical benefits for one year.
8
About $7 million in savings would come from
cutting
retiree
medical benefits for one year and then phasing them out.
9
About $7 million in savings would come from
cutting
retiree
health care benefits for one year and then phasing them out.
cut
retiree
cut