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RIVERSIDE CA (Reuters) - California's public pension fund said on Tuesday that the bankrupt city of San Bernardino has a lot more cash than it had previously disclosed and more than enough money to pay off its debts to the retirement system. Full story
(Reuters) - The City Council of San Jose, in the heart of California's Silicon Valley, wants to quit the state's public pension fund - which covers its current and former members - because it fears it can't afford the rising contributions. Full story
LOS ANGELES (Reuters) - The tiny California city of Canyon Lake has served notice on the state's pension fund that it wants to quit the plan, at a time when cities across the state and the United States are looking at ways to rein in soaring retirement costs. Full story
Retirement plan brochures are seen on display at the Calpers regional office in Sacramento, California October 21, 2009. REUTERS/Max Whittaker
Retirement plan brochures are seen in a rack at the Calpers regional office in Sacramento, California October 21, 2009. REUTERS/Max Whittaker
A Smith & Wesson 9mm handgun sits on display at the 132nd Annual National Rifle Association Meeting in Orlando, Florida in this April 27, 2003, file photo. The investment committee of Calpers, the biggest U.S. pension fund, voted on February 19, 2013, to divest its holding in two manufacturers of g
Calpers headquarters is seen in Sacramento, California, October 21, 2009. REUTERS/Max Whittaker
