In Ruling on California Town’s Bankruptcy, Judge Challenges Sanctity of Pensions by MARY WILLIAMS WALSH

Nicky Kundnani presents New York Times’ new Business Day article
By MARY WILLIAMS WALSH

The decision by a federal bankruptcy judge dealt a blow to Calpers, California’s giant state-led pension system, which has been leading efforts to preserve defined-benefit pensions nationwide.

Published: October 1, 2014 at 4:00AM

from NYT Business Day http://ift.tt/1mSFL5K

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