Nicholas Pension Consultants
Nova 401(k) Associates
Compensation Strategies Group, Ltd.
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|San Francisco Loses State Supreme Court Ruling on Pension Cuts|
San Francisco Chronicle
June 18, 2015
"The state Supreme Court ... allowed thousands of San Francisco city employees and retirees to regain increases in future pensions that voters had sought to eliminate. A lower-court ruling had restored the increases for employees who retired after November 1996 and for future retirees, and the [California] Supreme Court] denied the city's appeal. The court also denied an appeal by a lawyer for the workers, who had wanted a ruling that eliminated the cutbacks for earlier retirees."
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