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CalPERS Pension Rules Would OK 99 Types of Extra Pay to Count Under Benefit Formula
The Sacramento Bee Link to more items from this source
Aug. 19, 2014
"Staff at [CalPERS] has suggested that the fund's board authorize 99 types of special payments as counting toward pension calculations for employees hired since [Gov. Jerry] Brown's pension law took effect on Jan. 1, 2013. Among them: longevity pay, police marksmanship certification pay, physical fitness pay, smog inspector license pay, notary pay, cement finisher pay and holiday pay. Public pension-change advocates, including Democratic San Jose Mayor Chuck Reed, say the proposal is another sign that the union-dominated CalPERS board 'is doing what they can to resist reforms. ... They're in favor of anything that expands benefits.'"

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