This may be my byline, but I am posting for Adam Levitin. He is not in his office, and his Apple device is not being cooperative with our blog hosting service. He asked me to post for him, apparently unaware that meant that I would also get to take cheap shots like asking whether he would like to replace his Apple faux-device with a real computer. 

Anyway, Adam writes:

I've
written a piece about the peculiar vulnerability of municipal employees'
pensions in bankruptcy. It's up on Salon. The key problem is that there is no PBGC insurance for muni pensions, so
workers would be SOL if their pensions can be cut in Chapter 9. Many
don't even have Social Security. This gap makes me think that pensions
ate not really supposed to be fair game in Chapter 9, but that's a somewhat
different point than the need to provide PBGC coverage for muni employees and
extend ERISA generally to muni retirement plans.

The piece makes some important points and is well worth a read (but don't tell Adam I said that).