THE CAL­I­FOR­NIA SUPREME COURT

The Bond Buyer - - Front Page -

will hear oral ar­gu­ments Wed­nes­day in the first of sev­eral cases that could chal­lenge the Cal­i­for­nia Rule — a se­ries of de­ci­sions since 1955 that have made it dif­fi­cult for state and city gov­ern­ments to make changes to pen­sions for ex­ist­ing em­ploy­ees.

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