Michael Sweet was quoted in The Orange County Register article
"The Engine of Pension Change?" While the full text can
be found in the December 15, 2013, issue of The Orange County
Register, a synopsis is noted below.
The ruling by Judge Steven Rhodes that the city of Detroit is
eligible for bankruptcy could have ramifications for other
municipalities attorneys say, including some California cities
currently in financial troubles.
"No one is going to go and file bankruptcy because of what
Judge Rhodes said last week," said Michael Sweet.
"However, I would not be surprised to hear that pension plans
are now in negotiations as cities try to come up with ways to work
through these problems. These are contracts. And if both sides are
willing to negotiate a modified contract, there's no reason it
can't be modified."
