The California Public Employees Retirement System said a ruling by a judge in Detroit that federal bankruptcy law takes precedence over state law may threaten the soundness of public pension systems as a whole.

Feb. 19 (Bloomberg) -- The Los Angeles Unified School District, the nation’s largest outside New York City, owes so much for retiree health care…

Thee Los Angeles Unified School District, the nations largest outside New York City, owes so much for retiree health care that paying off its debt would cost $17,500 for each student