Posts Tagged ‘Public sector retirees’

Stockton Ca Bankruptcy Leading The Wave In Restructuring Of Public Sector Retiree Pensions, Surfs Up

April 3, 2013

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..