Compass
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Regional Vice President of Sales The Retirement Plan Company
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Bates & Company, Inc.
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AimPoint Pension
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Loan & Distribution Specialist AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Pensions Spared as Stockton Prepares to Exit Bankruptcy
Reuters Nov. 4, 2013 "[U]nder the terms of recent settlements, bond insurers who are backing about $240 million in city debt will accept a 'haircut' of as much as 50 percent on some bonds. Retirees will keep their full pensions, though 1,100 of them will lose their retiree health insurance.... Stockton voters are likely to approve a sales tax increase that could all but seal a surprisingly speedy end to the city's bankruptcy case. With that, the much-anticipated showdown over pensions will move to Detroit or another city seeking court protection from creditors." |
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