voiceofsandiego.org | News. Investigation. Analysis. Conversation. Intelligence. - Explainer: Are Pensions Fair Game in Bankruptcy?: "Since last fall, talk of municipal bankruptcy has wormed its way back into public debate at the city of San Diego."
The city has a $2.1 billion obligation to the public employee pension funds. There is a difference of opinion over whether they can make this go away by filing for municipal bankruptcy.