Stockton bankruptcy plan protects employee pension rights

Published Updated 4 Min Read

The judge in Stockton, Calif.’s bankruptcy case has approved the city’s plan to exit bankruptcy without impairing the California Public Employees Retirement System.

“This plan, I’m persuaded, is the best that can be done in terms of restructuring the city’s debts,” said U.S. Bankruptcy Judge Christopher Klein during the confirmation hearing in Sacramento Thursday.


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