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Pensions › Municipalities › California Public Employees Retirement System

Nossaman LLP

Bankruptcy Court Decides That The Bankruptcy Code Preempts California State Pension Laws

Nossaman LLP on

In a February 4, 2015 opinion, the bankruptcy judge presiding over Stockton, California's Chapter 9 municipal bankruptcy case approved Stockton's bankruptcy plan of adjustment. In re City of Stockton, 2015 Bankr....more

Cooley LLP

Blog: California Bankruptcy Judge Rules that State Law Does Not Protect Pension Fund from Municipal Bankruptcies

Cooley LLP on

On October 1, a bankruptcy judge ruled that the pension agreement between Stockton, California and Calpers, California’s massive state-run pension fund for public employees, is an executory contract that can be rejected in...more

Sheppard Mullin Richter & Hampton LLP

The Stockton Saga Continues: Untouchable Pensions on the Chopping Block?

Sheppard Mullin Richter & Hampton LLP on

Judge Christopher M. Klein's decision to accept the City of Stockton's petition for bankruptcy on April 1, 2013 set the stage for a battle over whether public workers' pensions can be reduced through municipal reorganization....more

Cadwalader, Wickersham & Taft LLP

California Dreaming? CalPERS Seeks Payment in Full of All Pension Obligations During Pendency of San Bernardino’s Chapter 9 Case

Cadwalader, Wickersham & Taft LLP on

California has seen a string of three Chapter 9 filings this year and faces a long line of distressed municipalities. Given this backdrop, the California Public Employees’ Retirement System (“CalPERS”) figures to play a...more

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