Posts from March 2017.

In September, we reported on a significant case, Marin Association of Public Employees v. Marin County Employees’ Retirement Association, in which a California appellate court ruled that the government could make reasonable modifications to public employees’ pension benefits without infringing on their vested right to a reasonable pension. We predicted the case would be appealed to the California ...

Categories: Public Pensions

The California Public Employees’ Retirement System (CalPERS) Board of Administration recently approved new draft regulations concerning what types of compensation will be used to calculate pension benefits. These regulations will apply only to members hired on or after January 1, 2013, under the Public Employees’ Pension Reform Act (PEPRA). The regulations are meant to counter pension spiking ...

Categories: Public Pensions

On March 15th, the CalPERS Board of Administration declared the East San Gabriel Valley Human Services consortium in default for failing to pay over $400,000 to fund its pension plan.  According to CalPERS, the consortium’s contract will terminate in 60 days. At that time, the consortium will be liable for approximately $19.3 million, the amount needed to fully fund current and future payments of ...

Tags: default

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