19-05-2017 22:10 via yahoo.com

Puerto Rico retirees will get bankruptcy committee: U.S. Trustee

By Nick BrownNEW YORK (Reuters) - The U.S. Department of Justice's bankruptcy watchdog said on Friday it plans to appoint a committee of retirees in Puerto Rico's bankruptcy to negotiate for pensioners facing benefit cuts as part of the island's debt restructuring.Puerto Rico, carrying some $50 billion in unfunded pension liabilities, "clearly needs a retiree committee and sooner rather than later," the office of the U.S. Trustee said in a filing in federal court in San Juan.Puerto Rico filed th
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