Many retirees say they would accept reduced benefits.
He said the Pentagon knew it must accept reduced spending.
And when a weak economy undermines job security, he said, workers may simply have to accept reduced benefits.
Whether foreign or Emirati, borrowers must repay the debt after leaving jail, though banks often accept reduced terms.
And doctors, eager to avoid payment delays and restrictions when patients are using insurance, accept reduced fees comparable to those they receive from managed care companies.
Emanuel insists that the city can't afford these pensions and therefore workers and retirees will simply have to accept reduced benefits.
Modifying the benefits of the scheme was a more attractive option than it entering the PPF, he added, where workers would have to accept reduced terms.
Though it persuaded the United Auto Workers (UAW), its leading union, to accept reduced health-care benefits for workers, the union seems reluctant to consider more cuts.
Those countries are trying to persuade impatient voters to accept reduced public services, lower wages for government workers and higher taxes.
After asking its retired police officers and firefighters for weeks to accept reduced benefits, Central Falls intends to impose its will in bankruptcy court.
Instead of confronting the unpopular denizens of Wall Street, it will challenge average Americans to accept reduced services or increased taxes - or, probably, both.
