This is shoe number 2.
Shoe number 1 was when the Federal Appeals Judge determined that Melon's bank was not illegal when they used Savings account money to pay off the Golden Parachutes of it's upper level employees. The Judge there decided that depositing your money was the same as investing your money, and that both belonged to the bank until returned by the bank.
Now shoe two has determined that a pension is just another obligation.

These mean more than the news is sharing. Your Social Security in an investment contract. It meets the criteria for Shoe 2.

Those of us receiving a military or other Government Retirement fits into shoe 1. With this determination the Corporations will begin to plan how to walk away from their obligations with Federal approval.

Once again also we see the 14th amendment being shoved up the states backsides.

Time for action will be sooner than later it seems as the elites grab the money off the table and run for the borders.