Prof. Monahan Quoted in Businessweek on Pension Benefits

Professor Amy Monahan was quoted in a Bloomberg Businessweek article examining changes that the city of Providence, Rhode Island is making to the pension benefits of city workers and retirees. Monahan explained that the types of changes being made by the city are somewhat unusual, both because they affect benefits that have already been earned, and also because they unilaterally change the terms of the city's labor contracts.