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Stockton's CalPERS Payments Will Be Tested in Upcoming Bankruptcy Trial
The Sacramento Bee
Feb. 28, 2013
"Three Wall Street bond creditors, who could lose millions in the bankruptcy, say the city is refusing to face up to its obligations -- and is giving CalPERS a sweetheart deal at the expense of other creditors. Stockton is continuing to make its $29 million in annual pension payments to [CalPERS]."
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