Chester city’s largest creditors, retired workers, said they’ve been left out of talks about how to handle the city’s bankruptcy, and they worry they could lose their benefits, writes Justin Udo for KYW Newsradio.
Alan Davis, a retired Chester Police captain who was placed on disability after he was shot in the line of duty in 2016, said a lot of retired employees and their families need pensions to live.
“Me personally, it makes me sad and angry,” he said. “We filed a response saying you’ve never consulted us. You haven’t engaged with us. We have financial expertise on our side from people who have done restructuring.”
Chuck Bolgunas, co-chair of the retiree committee, said they filed a response to the current bankruptcy plan.
The plan was filed by the state-appointed receiver Michael Doweary in bankruptcy court. It proposes rescuing Chester from bankruptcy using revenue from the sale of the city’s water assets.
Bolgunas, who worked at the Chester Fire Company, said the proposal lacks details.
“We’re hoping that this will move the receiver to invite the retirees and the professionals to the table to help negotiate a settlement,” said Bolgunas.
Read more about the bankruptcy situation in Chester at KYW Newsradio.
