Moody Eye View

The recent bankruptcy filing by the city of Stockton, California will likely entail the ending of contributions to retired city workers’ health care plans. The move is part of a growing trend among US municipalities, states, and private corporations to tear up contractual agreements with retired workers.

Bankrupt Stockton Ca looking at paying out 60% of annual budget to retired workers. Surfs up for public sector retirees..

Tags: Public sector retirees, Stockton Ca

This entry was posted on April 3, 2013 at 12:45 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.