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Pension wars are getting ugly. Lessee,t the people do we fund the pensions and shaft the people (voters) who send the money, or do we shaft the pensioneers and give the voters the services they pay for. hmmm....
http://www.scpr.org/news/2012/10/19/...nkrupt-san-be/
CalPERS demanding overdue payments from bankrupt San Bernardino
By Steven Cuevas |
The city of San Bernardino owes more than $5 million to CalPERS - the California Public Employees Retirement System. After it filed for bankruptcy protection two months ago, the city stopped paying into the pension fund.
CalPERS says it’s working with San Bernardino to resume the payments. If not, CalPERS could sue - and could terminate the city’s pension fund.
*snip*
http://www.scpr.org/news/2012/10/19/...nkrupt-san-be/
By Steven Cuevas |
The city of San Bernardino owes more than $5 million to CalPERS - the California Public Employees Retirement System. After it filed for bankruptcy protection two months ago, the city stopped paying into the pension fund.
CalPERS says it’s working with San Bernardino to resume the payments. If not, CalPERS could sue - and could terminate the city’s pension fund.
*snip*