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CalPERS: Bankrupt San Bernardino can afford to pay pension fund

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Bankrupt San Bernardino has more than enough money to pay the $12 million it owes California’s public pension fund, even though the city previously claimed it only had $4.2 million, the California Public Employees Retirement System said on Tuesday. The city actually had $28.6 million in the bank as of January, a CalPERS attorney told a judge in bankruptcy court, according to Reuters. San...

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