Statement from Dave Low, Chair, Californians for Retirement Security, on October 30 Stockton decision:

"This is a fair decision for Stockton and for the police, firefighters, and other public employees who negotiated substantial cuts to retirement and health benefits in order to help the city emerge from bankruptcy. Favoring Wall Street over Main Street in this decision would have led to a mass exodus of those and other employees who would have lost any incentive to rebuild the bankrupt city. The decision provides more incentive to solve pension issues at the bargaining table instead of in a courtroom."