Bankrupt San Bernardino is Tackling Pension Obligations Head-On

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Explore:  Municipal Bankruptcy

An interesting article in yesterday’s The Sacramento Bee highlights the importance of finding a way to bring our public pension liabilities under control to maintain the fiscal integrity of our state and local governments. While most California municipalities that have filed for bankruptcy have backed away from tackling pension obligations, the City of San Bernardino is taking on that fight head-on. As such, all eyes are squarely focused on the progress of the City of San Bernardino bankruptcy. BB&K is tracking it and will keep you posted.

An interesting article in yesterday’s The Sacramento Bee highlights the importance of finding a way to bring our public pension liabilities under control to maintain the fiscal integrity of our state and local governments. While most California municipalities that have filed for bankruptcy have backed away from tackling pension obligations, the City of San Bernardino is taking on that fight head-on. As such, all eyes are squarely focused on the progress of the City of San Bernardino bankruptcy. BB&K is tracking it and will keep you posted. - See more at: http://www.bbknowledge.com/pension-benefits/bankrupt-san-bernardino-is-tackling-pension-obligations-head-on/#sthash.7uJWyhOV.dpuf

Topics:  Municipal Bankruptcy

Published In: Bankruptcy Updates, Finance & Banking Updates, Labor & Employment Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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