San Bernardino OKs $26M In Cuts, CalPERS Payment Deferral

By Maria Chutchian · November 27, 2012, 4:52 PM EST

The bankrupt city of San Bernardino, Calif., would defer payments to the state pension fund and bondholders and cut spending by $26 million under a pendency plan the city council approved...

To view the full article, register now.