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Bankrupt San Bernardino to Resume Payments to CalPERS in July
Pensions & Investments 
Apr. 7, 2013 "The city's obligation to CalPERS is $25.5 million for fiscal 2013, which ends June 30, according to the pension fund's data. While that's just 0.3% of all employer contributions to the retirement system, pension fund and city documents show it's about 21% of San Bernardino's revenue. San Bernardino has told CalPERS that its payments will resume with the start of fiscal 2014 on July 1[.]" MORE >> |
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