San Bernardino said yesterday that it hopes to soon resume paying into CalPERS, the California state employees' pension fund, after not paying the fund since the city filed for bankruptcy last August, Reuters reported yesterday. The attorney representing the California city in its quest for bankruptcy protection told the judge overseeing the case that the city planned to present a new, detailed budget by April 15, for approval by the city council on May 6. The attorney, Paul Glassman, added that along with the new, pre-bankruptcy budget, the city hoped "to resume payments to CalPERS." San Bernardino halted its $1.2 million, bimonthly employer contributions to the California Public Employees' Retirement System—the largest U.S. public pension fund with assets of $256 billion—when it declared bankruptcy on Aug. 1, 2012.
