Simon Black: Many Local Retirees In Puerto Rico Will Get Pension Cuts As Part Of Debt Restructuring
by Simon Black of Sovereign Man On Friday evening, the government here in Puerto Rico made an announcement to local retirees that many of them would have their pensions cut. Poof. Just like that. The pension cut is part of a debt restructuring plan to help Puerto Rico emerge from bankruptcy, which they declared in May 2017. Bankruptcy … Read more