Collective Bargaining
Municipalities' ability to re-write collective bargaining agreements is much greater than in a corporate Chapter 11 bankruptcy and can trump state labor protections, allowing cities to renegotiate unsustainable pension or other benefits packages negotiated in flush times.
"Congress did not extend the same projection to public employees that it did to those working in the private sector under Chapter 11 bankruptcy rules."
Read more about this topic: Chapter 9, Title 11, United States Code, Features of Chapter 9
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