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
