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San Bernardino Creditors Sue Over CalPERS Payment Plan

By Andrew Scurria (January 8, 2015, 1:20 PM EST) -- Creditors of San Bernardino, California, on Wednesday challenged the bankrupt city's plan to satisfy 100 percent of the retiree benefits it owes, claiming that obligations to the California Public Employees' Retirement System can't be prioritized over $50 million in pension-related debt....

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