In Stockton, Calif., Investment House Franklin Templeton Eviscerates Pensions

October 7, 2014

In the Los Angeles Times, Michael Hiltzik lays out the tale of how investment house Franklin Templeton Investments is attempting to gut the pensions of 2,400 retirees from the city of Stockton. The city has been involved in bankruptcy proceedings recently, and Franklin Templeton is trying to further cut pensions that already have faced cuts in recent years.

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