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Stockton Bankruptcy Trial Has Big Stakes for Public Pensions
The Sacramento Bee Mar. 26, 2013
"Ostensibly, the trial that opened Monday in a federal courtroom was about whether Stockton is eligible to file for bankruptcy. But the real issue -- what one attorney called 'the 800-pound gorilla in the room' -- is whether public employees' pensions, long thought to be legally untouchable, could be reduced via bankruptcy."
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