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This BLOG is for LLNL present and past employees, friends of LLNL and anyone impacted by the privatization of the Lab to express their opinions and expose the waste, wrongdoing and any kind of injustice against employees and taxpayers by LLNS/DOE/NNSA. The opinions stated are personal opinions. Therefore, The BLOG author may or may not agree with them before making the decision to post them. Comments not conforming to BLOG rules are deleted. Blog author serves as a moderator. For new topics or suggestions, email jlscoob5@gmail.com

Monday, October 6, 2014

Stockton bankruptcy

"Stockton bankruptcy ruling could deal blow to CalPERS, public pensions"

http://www.latimes.com/business/la-fi-stockton-bankruptcy-ruling-20141001-story.html
How might this ruling affect those who haven't taken their UCRS pensions yet? The idea is that federal bankruptcy law supersedes California pension protections.

1 comment:

Anonymous said...

The LLCs don't have a lot in assets, but they also don't have any debts. Hard to see an FFRDC filing for bankruptcy. Perhaps if there are massive PAAA fines for WIPP contamination, LLNS will run the experiment and we can all observe the outcome.

In the meantime, this ruling will probably go through at least a couple levels of appeal.



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