NAVIGATION
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NEWS TIPS!RightMichigan.com
Who are the NERD fund donors Mr Snyder?Tweets about "#RightMi, -YoungLibertyMI, -dennislennox,"
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All Of A SuddenBy JGillman, Section News
The repealed Emergency Financial Manager law probably seems like a better idea now; at least to those who spent great amounts of money to defeat it.
Its not as if they weren't warned. State appointed Emergency Financial managers couldn't touch any pension contracts whatsoever. As a state initiated law, it would have run afoul of article 9, section 24; the state's own constitutional protection for pensions. The EFM law was however, a tool to readjust current contracts not associated with those pensions. Federal courts would have no say at that point. But labor unions, and certain municipalities' elected bodies preferred to not allow such a thing. Instead, a bankruptcy, fully clarified in the constitution as being under federal jurisdiction, takes the state's constitutional protections of those pensions off the table. Golly.
All Of A Sudden | 3 comments (3 topical, 0 hidden)
All Of A Sudden | 3 comments (3 topical, 0 hidden)
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