San Bernardino Case May Set Venues For Future CalPERS Fights

Law360, San Diego (December 4, 2012, 11:07 PM EST) -- The California Public Employees’ Retirement System has asked a bankruptcy court for permission to sue the bankrupt city of San Bernardino in state court, and the court's decision could dictate where future disputes over contractual obligations to the nation’s largest public pension fund play out, experts said Tuesday.

After the San Bernardino city council last week voted to present to a bankruptcy judge a plan that would defer payments to CalPERS and bondholders and cut spending by $26 million, CalPERS responded by lodging a motion for...
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