Judge Says Stockton Can Cut Retirees’ Health Care Benefits
On Monday, federal Judge Christopher Klein ruled that bankruptcy law allows Stockton to stop paying for health care benefits for its retired workers. Stockton filed for bankruptcy in June, and ending contributions to retirees' health care benefits is a significant part of its plan to restructure its finances. Klein urged city retirees to negotiate with the city on its final Chapter 9 plan.
- "Bankruptcy Judge: Stockton Can Stop Paying for Retiree Health Care" (Stockton Record, 8/6).