Puerto Rico teachers fail to overturn pension changes in debt plan

A federal appeals court has upheld modifications to teachers’ pensions under Puerto Rico’s debt adjustment plan, despite arguments from teachers’ associations that the changes violate the U.S. territory's law. The 1st U.S. Circuit Court of Appeals on Tuesday said that the federal law that authorized the commonwealth’s debt restructuring allowed a federally appointed oversight board to modify the pension obligations. The changes were part of the board’s wide-ranging restructuring for Puerto Rico, which was approved by a lower court in...