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Judge is due to rule on whether to force Stockton to slash pensions
Judge is due to rule on whether to force Stockton to slash pensions

A federal judge is expected to rule Thursday on the city of Stockton's bankruptcy-recovery plan and whether the city should include slashing pensions for municipal workers among its cost-cutting moves. The city and the state's huge pension fund opposed slashing retirement benefits, and it's not part of the proposed recovery plan. But at an Oct. 1 hearing, Bankruptcy Court Judge Christopher M. Klein said he doesn't consider the pension rights of state and local government workers to be sacrosanct. He said pension obligations should be subject to cuts as are other city obligations. The judge could stick to that position and toss out Stockton's recovery plan....

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