Stockton Watching San Bernardino, CalPERS Dispute
San Bernardino's bankruptcy case has implications for other cities with budget shortfalls, such as Stockton. After filing for bankruptcy, San Bernardino stopped paying its pension obligations to CalPERS, which prompted the pension fund to threaten to sue the city. Meanwhile, Stockton has continued paying its CalPERS obligations despite filing for bankruptcy.
- "Stockton Closely Watching San Bernardino's CalPERS Case" (Smith, Stockton Record, 12/2).