Comment on CalPERS gets dreaded decision: Judge rules Stockton can sever its city pensions

CalPERS gets dreaded decision: Judge rules Stockton can sever its city pensions

In a potentially groundbreaking decision, a federal bankruptcy judge today struck down the sanctity of government pensions in California, saying the city of Stockton has the right to sever its contract with CalPERS. The Joan Darrah Promenade Stockton Marina on March 14, 2013.

 

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