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Did CalPERS Fail to Disclose Costs of Historic Bump in Pension Benefits?

How would you feel if someone told you they’d just increased your retirement benefit by 50%, took five years off the age you’d have to be when you could retire and collect this benefit, and then told you there would be almost no additional cost because the stock market was roaring? In California, that’s what […]

Did Your Agency Comply with the Law When Increasing Pension Formulas?

Since the millennium began, most city and county governments enacted retroactive pension benefit increases that more than doubled their pension costs with no end in sight. Cities and counties have been fighting back in court with some success. One legal challenge raised first against the County of Marin is based on California Government Code Section […]