A new look at the retirement debt of one Bay Area city places the financial burden at more than $4,100 per resident.
Dozens of Milpitas city employees will see the restoration of pay and retirement benefits lost during the Great Recession under three new labor agreements between city workers and management.
Public employees and retirees in Stockton won a victory when a judge approved a reorganization plan for that city that included a full repayment of its pension debts.
A bankruptcy judge has dismissed a claim from creditors of the city of Stockton that would have kept the city in bankruptcy.
Vallejo city manager Joseph Tanner was on the frontlines in 2008 when the city was headed toward bankruptcy in 2008.
A new, controversial list from the California Policy Center ranks the California cities most likely to default.
Breaking news from the city of Stockton: A federa bankruptcy judge has approved the city’s plan to repay its creditors and keep its pensions in tact, avoiding what could have been a landmark ruling
In the wake of the economic crisis, municipalities across California have struggled to maintain city operations while balancing a budget.
A federal bankruptcy judge issued a ruling Wednesday that could fundamentally transform public pension systems, and open the doors for state and local governments to cut pension benefits to workers