Judge approves Stockton bankruptcy plan; worker pensions safe

The L.A. Times reports:

A federal bankruptcy judge approved the city of Stockton’s bankruptcy recovery plan, allowing the city to continue with planned pension payments to retired workers.

The case was being closely watched after the judge ruled earlier this month that the city’s payments to the California Public Employees’ Retirement System could be cut in bankruptcy just like any other obligation.

Just a reminder: Stockton might have to declare bankruptcy ... again.