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Pension issue in Stockton, Calif., bankruptcy – San Diego, California News Station – KFMB Channel 8 – cbs8.com

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On its first official day in bankruptcy, the city of Stockton now must grapple with the hard part of reorganizing its financial affairs — how to share the financial burden equitably among creditors while meeting its massive state pension obligations.

via Pension issue in Stockton, Calif., bankruptcy – San Diego, California News Station – KFMB Channel 8 – cbs8.com.

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Credit: Rivco Sheriffs

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