Bankrupt San Bernardino, Calif. passed a new budget yesterday that will allow it to resume paying into the state pension fund on July 1 as it continues to renege on other debts including payments to bondholders, Reuters reported today. The city council vote comes nearly a year after it halted contributions to the California Public Employees' Retirement System (CalPERS), the United States' biggest pension fund. Patrick Morris, San Bernardino's mayor, has stated that the city's other debts "must be taken care of and must be attended to"—but there was no debate about those dues by the council. There was no discussion either about the city's arrears to the pension fund, which top $12 million.
