CA Seal.jpgDoes your public agency contract with, or a member of, CalPERS, STRS, or a ’37 Act system?  Have you exhausted all possible ways under those systems to reduce pension costs such as reducing benefits for new hires, eliminating or reducing employer paid member contributions, or reducing special compensation?  Do you want to achieve

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This guest post was authored by Alison Neufeld

The San Diego Superior Court has denied the Public Employment Relations Board’s request for a preliminary injunction preventing the City of San Diego from implementing Proposition B, also known as the Comprehensive Pension Reform Initiative (CPRI).  This local ballot measure was passed by a significant majority of

Retirement Sign.jpgThe vested nature of public employee retirement benefits is a hot topic. On the one hand, there are municipalities dealing with increasing pension costs and unfunded liabilities. On the other hand, there are often times a vested right to future pension benefits for employees and retirees cannot be impaired except under very limited circumstances.  Most

Retirement2.pngOn March 14, 2012, the Board of  Administration of the California Public Employees’ Retirement System (“CalPERS”) approved lowering the “discount rate” or “rate of investment return” from 7.75% to 7.5% in its assumptions when it determines employer contribution rates.  This means that employers who contract with CalPERS for pension benefits will see their employer contribution

Yesterday, the California Supreme Court denied the County of Orange’s petition to review the decision in County of Orange v. Association of Orange County Deputy Sheriffs (2011) 192 Cal.App.4th 21.  This means the Court of Appeal’s decision stands holding that the County’s grant of a retroactive enhanced retirement formula for employees “all years of