There's a lot of legalese in this salad.
Accrued... so its only accrued benefits -- not anything granted -- just accrued.
Contractual Obligation -- so its equivalent to a contractual obligation -- don't those get altered in bankruptcy?
Not diminised or impaired thereby -- what? Thereby what? So maybe the State can't alter the contract -- but maybe the federal judge can -- because he's not part of the State Constitution.
Brace yourselves while the brigade of lawyers fight this out. And remember retirees, as lawyers make more money -- there'll be less to pay you with. You better hope that bankruptcy judge sees it your way. Otherwise Orr might've been a better bet.
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