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Bankrupt California City to Resume Paying Pension Fund, But Not Bondholders
Thomson Reuters 
Apr. 12, 2013
"Nearly a year after it halted contributions to America's biggest pension fund, San Bernardino will resume payments to CalPERS at the start of the new fiscal year -- but continue to not pay other creditors ... San Bernardino will not make interest and principal payments on $50 million in pension bonds issued in 2005 ... San Bernardino's decision ... will intensify the battle between the pension fund and Wall Street bondholders."
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