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A constitutional argument for pension reform inaction doesn’t hold water

MARCH 20, 2020 | by Mark Rosen | CRAIN’S CHICAGO BUSINESS

Op-ed by Mark Rosen, includes “… A long line of U.S. Supreme Court cases holds that the Constitution’s prohibition on impairing the obligation of contracts is not absolute. Most famously, during the Depression the Supreme Court upheld a state law that altered the terms of mortgage contracts, precluding foreclosures, notwithstanding the contracts clause.”

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