California Public Employee Retirement System (Calpers), America's biggest public pension system, filed a formal objection yesterday to a quest by San Bernardino to seek bankruptcy protection, citing the "disarray" in the Californian city's finances, Reuters reported yesterday. San Bernardino, a city of 210,000 people 60 miles east of Los Angeles, declared bankruptcy on Aug. 1. Since then it has halted pension payments to Calpers, its biggest creditor. Last week Calpers made clear in public statements it would not tolerate San Bernardino, or any other Californian city, missing payments into its fund. Since it declared bankruptcy, San Bernardino has missed six biweekly payments totaling over $6 million.
