CalPERS Seeks Permission to Sue Bankrupt San Bernardino Over Missed Pension Payments

, The Litigation Daily


The California Public Employees' Retirement System, the nation's largest public pension, makes frequent appearances in Recorder sibling publication The Litigation Daily as a lead plaintiff in securities class actions. But late Tuesday CalPERS made an unprecedented move in a very different venue: the municipal bankruptcy of San Bernardino. In an 11-page filing, CalPERS' lawyers at K&L Gates asked a federal bankruptcy judge in Riverside for permission to sue San Bernardino for falling behind in its contributions for municipal employee benefits. News of the filing was first reported by Reuters.

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