Lawyer warns of pension cuts in bankruptcy case - WZVN-TV

10/01/14

Lawyer warns of pension cuts in bankruptcy case
WZVN-TV
(AP) - Employees of the bankrupt California city of Stockton could be forced to take a 60 percent pension cut if a federal judge rejects its reorganization plan, a lawyer for the city said Wednesday in a case that could clarify who gets paid first by ...

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