The 20 largest creditors without collateral backing their claims are owed a total of $321.8 million, court papers show. The California Public Employees' Retirement System, the largest U.S. public pension fund, is owed $135.4 million for retiree health benefits and $83.9 million for unfunded pension plan benefits.
Friday, May 23, 2008
The city of Vallejo officially entered bankruptcy today
Overpaid Government Worker. Here's more from Bloomberg reports:
