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March 27, 2013 12:00 AM

Editorial: CalPERS isn't a white knight in Stockton's bankruptcy

Before it filed for bankruptcy protection last June, the city of Stockton cut its police force by 25 percent, its Fire Department by 30 percent and the workforce in all other city departments by 43 percent. The city also cut health benefits to retired city workers, slashed library hours and reduced maintenance at parks.

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