After the retirement parties are over, some individuals never truly retire. Instead of taking it easy, some retirees choose to perform post-retirement work for non-CalPERS employers. For example, a retired police captain may work for a private security firm and or a retired Human Resources director may open a private consulting practice. While a retiree’s
CalPERS Issues Circular Letter and Employer Checklist for Hiring CalPERS Retirees
This blog post was authored by Randy Parent
CalPERS issued Circular Letter No. 200-002-14 on January 14, 2014, providing an overview of the law that applies to CalPERS retired annuitants of all CalPERS employers. To provide further assistance in navigating this complex topic, CalPERS has provided a Checklist for Hiring CalPERS Retirees to assist
Is Bankruptcy The Only Option?
Since June 28, three California cities have chosen to pursue bankruptcy in the face of burgeoning costs and increasing deficits: Stockton, Mammoth Lakes, and San Bernardino. Public agencies have been dealing with financial difficulties for several years, but other than the City of Vallejo in 2008, none had resorted to bankruptcy as an option, until
CalPERS Issues Circular Letter Clarifying Uncertainties Raised By AB 1028 On Post-Retirement Employment And Raising New Ones
This guest post was authored by Steve Berliner
Assembly Bill 1028, which took effect on January 1, 2012, amended certain provisions of the Public Employees’ Retirement Law (“PERL”) pertaining to the limits on post-retirement employment. Just recently, the California Public Employees’ Retirement System (“CalPERS”) issued Circular Letter No. 200-002-12 clarifying the importance of AB 1028
With AB 1028, The Legislature Clarifies The Limits On Post-Retirement Work Opportunities For PERS Retirees
This guest post was authored by Steve Berliner
As of January 1, 2012, PERS retirees will have additional restrictions on their ability to work for PERS agencies. While AB 1028 affects several different Government Code sections, it is garnering the greatest attention for its changes to Government Code sections 21221(h) and 21224; the two
Pandora’s Box Opens – California Supreme Court Rules Vested Health Benefit Rights For Retired County Employees Can Be Implied
This guest post was authored by Judith Islas
The California Supreme Court recently opened the door to a new way employees and retirees can sue local public agencies. The Court held that employees and retirees may have implied contractual rights. Retired county employees may even have an implied contractual right to vested health benefits, although
Employment After PERS Retirement: What Are The Limits?
A local agency employee retires and begins receiving a pension from the California Public Employees Retirement System (PERS) and is then offered part-time employment with the old employer because economically motivated layoffs had left the old department short-handed. What obstacles and limitations do the agency and the retired employee face in this situation?
The PERS