NEW YORK (Reuters) - Pennsylvania's Allentown calls itself the "City Without Limits" but it has hit a barrier with so-called "legacy" pensions for public workers, which were approved years ago but became too costly in the recession.
Reuters: U.S., Reuters: Nation
Fri, 07/09/2010 - 1:02pm
NEW YORK (Reuters) - Pennsylvania's Allentown calls itself the "City Without Limits" but it has hit a barrier with so-called "legacy" pensions for public workers, which were approved years ago but became too costly in the recession.