Pension reform waits for California Supreme Court

By Edward Ring
With markets fitfully advancing after a nearly two year pause, the need for pension reform again fades from public discussion. And it’s easy for pension reformers to forget that even when funds are obviously imperiled, with growing unfunded liabilities and continuously increasing demands from the pension funds, hardly anyone understands what’s going on. Unless you are sitting on a...

TAGS: "California Rule", CalFire Local 2881 vs. CalPERS, California Supreme Court, pension reform, pensions

The Financial Context of the Imminent California Supreme Court Decision on the “California Rule”

By Edward Ring
Any day now, the California Supreme Court will rule on what may be one of the most significant cases affecting pension reform in California history. The case, CalFire Local 2881 vs. CalPERS, challenges one of the provisions of PEPRA (Public Employee Pension Reform Act) Governor Brown’s 2013 pension reform legislation. The plaintiffs argue that PEPRA’s abolition...

TAGS: "California Rule", CalFire Local 2881 vs. CalPERS, California Supreme Court

Looming Decision on “California Rule” Will Dramatically Affect Pension Reform Efforts

By Jon Coupal
On its surface, the case heard last Wednesday by the California Supreme Court in CalFire Local 2881 vs. CalPERS doesn’t seem that important. At issue is the so-called “California Rule,” an obscure legal doctrine relating to public employee pensions. But for California’s beleaguered taxpayers, the case is one of extraordinary importance because its outcome will...

TAGS: "California Rule", CalFire Local 2881 vs. CalPERS