Seeking Alpha

San Bernardino in California has proposed restarting bimonthly $1.2M employer contributions to...

San Bernardino in California has proposed restarting bimonthly $1.2M employer contributions to Calpers almost a year after the city suspended the payments, although it will continue to renege on its commitments to other creditors, including bondholders. The decision highlights the battle over who should take most of the pain when a city goes bankrupt - the bondholders or the public servants.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)