Post-Coronapocalypse pension reform checklist for California

By Edward Ring
04/01/2020
In a perfect world, California’s state and local public employees would receive exactly the same retirement benefits as federal employees. They would receive a modest defined benefit, a contributory 401K, and they would participate in Social Security. Unfortunately, in California, while some state and local public employees are offered 401Ks, and many participate in Social Security, all of...

TAGS: coronavirus, Edward Ring, government unions, pension reform, Public Employee Pension Reform Act, public employees, Social Security

California Court Ruling Allows Pension Changes

By Ken Churchill
08/26/2016
On August 17, 2016 the First Appellate District Court ruled on the lawsuit brought by the Marin Association of Public Employees against the Marin County Employees’ Retirement Association (MCERA) and State of California. The case was brought after MCERA eliminated pay items considered pensionable following the States enactment of the California Public Employees’ Pension Reform...

TAGS: "California Rule", Marin County, PEPRA, Public Employee Pension Reform Act

The Amazing, Obscure, Complicated and Gigantic Pension Loophole

By Edward Ring
11/18/2014
“The bottom line is that claiming the unfunded liability cost as part of an officer’s compensation is grossly and deliberately misleading.” – LAPPL Board of Directors on 08/07/2014, in their post “Misuse of statistics behind erroneous LA police officer salary claims.” This assertion, one that is widely held among representatives of public employees, lies at the...

TAGS: normal contribution, pension funds, pension reform, PEPRA, Public Employee Pension Reform Act, unfunded contribution