Bill Kannel will speak in the panel session, "The Union Factor," at the Distressed Credits & Fiscal Emergencies: A New Paradigm for the Municipal Market Advanced Seminar presented by The Education Committee of the National Federation of Municipal Analysts.
How has the power of public sector unions changed in recent years? This panel will explore whether the Wisconsin and Rhode Island cases signal a new reality in labor/management relations at the public level and what kind of a claim labor contracts – both for existing employees and retirees – have on government finances. How strong is this claim compared to that of bondholders and to the government’s responsibility to provide essential public services?
Chris Mauro, Director, Municipal Bond Research, RBC Capital
William Kannel, Member, Mintz Levin
Vincent Vernuccio, Director of Labor Policy, Mackinac Center
Louis Schimmel, Emergency Manager, City of Pontiac, Michigan
The Union Factor