Posts Tagged: bernardino


CalPERS may have legal edge in fight with San Bernardino

RIVERSIDE — A federal judge last week rejected a CalPERS request to sue bankrupt San Bernardino for a growing unpaid bill, but gave preliminary support to the argument that the bill must be paid in full before the city can leave bankruptcy.


The widely watched question of whether the bankruptcy will reduce pensions promised


CalPERS, San Bernardino square off over pension payments

CalPERS accuses San Bernardino of halting payments to the big pension fund in a plan to use bankruptcy to cut pensions owed workers. But the city says it’s simply unable to pay now and wants to work out a way to repay CalPERS over time.


A federal bankruptcy court in Riverside is scheduled tomorrow


Strapped locals face stress of pension-fund demands

The CalPERS board may make it more costly for struggling local governments to close their pension plans.


A pending change is driven in part by unusually low interest rates and the fear of an unlikely, but now not inconceivable, collapse of a large employer like the bankrupt city of San Bernardino.


The cost

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