5 Pension pinch.

• Position: STATELINE - Teachers' pension overhaul in Puerto Rico - Brief article

Puerto Rico's leaders have vowed to appeal a court decision declaring the island's recent teacher pension overhaul unconstitutional. The reforms were seen as a way to bolster Puerto Rico's shrinking economy, which suffers from high debt and unemployment. Governor Alejandro Garcia Padilla (D) said the pension plan has an unfunded liability of more than $ 10 billion and that without reform, it will collapse by 2020, leaving many teachers without pensions. The overhaul called for raising the retirement age for...