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CalPERS
Posted inRegional

CalPERS finds the City of Loyalton in default for non-payment of pension obligation

by CalPERS

SACRAMENTO, Calif. November 16, 2016 – The Board of Administration for the California Public Employees’ Retirement System (CalPERS) today declared the city of Loyalton in default of its obligations to CalPERS after failing to pay what it owes to fund its pension plan. The decision means that Loyalton’s retirees will see their benefits reduced in […]