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Keyword: citydebt
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San Bernardino Bankruptcy Case Could Affect Detroit Pensions
Federal bankruptcy judge Meredith Jury is expected to rule Wednesday on the city of San Bernardino's eligibility for bankruptcy protection after it ceased payments to the California Public Employees' Retirement System (Calpers) last year. The outcome of San Bernadino's case could have a huge ripple effect on cities declaring bankruptcy, most notably Detroit.
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