When cities underfund pensions, what do the retired workers get? And do?

Get a federal, i. e. Taxpayer, bailout.

That can not go on for ever - the finances of the Federal Government itself have become a sick joke.

cities don't underfund pensions. what actually happens is UNIONS cook salary & pension record books and collect more than union contract legally allow . resulting in trillions in debt requiring taxpayers to pay many times more than they owe

It will be for bankruptcy judges to decide. For example, I believe that Chicago, the third largest city in the country, will be bankrupt within two years.

there is over $140 trillion in national debt now
www.youtube.com/watch?v=JjO...

Such cities as New York and Chicago can not be saved - no amount of bailouts can save cities this far gone.

Pretty ironic that a group that labels itself as "Truth in Accounting" puts out a report that fails to accurately account for a pension funding system that gives Portland a AAA bond rating. https://www.wweek.com/news/...

The AAA bond rating is hollow and addresses only pay-as-you-go financial concerns. Truth in Accounting goes deeper and addresses unfunded long-term liabilities.

software used nationwide
by govt employee unions is bankrupting this country
govt union salary & pension racketeering is a felony
www.youtube.com/watch?v=DB_...

There used to be a report on this site of the full debt of the ten largest cities - including the debt they hide as School Board debt and so on, But that report seems to have been removed. I remember that if the full debt is counted the financial position of Chicago is even worse than that of New York.

The info is very good

Very good info