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Ill-Informed Judgment on Stockton Pensions in Bankruptcy
Burypensions Blog 
[Opinion] Apr. 2, 2013
"Stockton making their $900 million payment to CalPERS will not secure benefits in a plan with an $87 billion deficit that has made no significant inroads into curbing benefit accruals.... Without a process in place like we have in the private sector with the PBGC[,] CalPERS can pretty much claim the right to do anything.... If a judge rules that CalPERS won't get all of their $900 million then it's still anyone's guess what Stockton retirees will get."
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