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San Bernardino not paying CalPERS

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SAN BERNARDINO – City officials were somewhat puzzled by national media attention after CalPERS’ announcement last week that the city hadn’t made any of its required payments to the state pension system since filing for bankruptcy in August.

San Bernardino officials had publicly decided to defer as many payments as they could – but their stance with CalPERS also highlights what will likely be a long and bitter fight.

Read more: http://www.sbsun.com/ci_21823399/san-bernardino-not-paying-calpers-pointing-future-fight?source=most_viewed#ixzz2A08Yk6vc

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Credit: Rivco Sheriffs

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