Regional Vice President of Sales The Retirement Plan Company
|
Bates & Company, Inc.
|
AimPoint Pension
|
Loan & Distribution Specialist AimPoint Pension
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Compass
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
California Court Upholds 2013 Law That Cut Buying Pension Credits
San Francisco Chronicle Jan. 3, 2017 "The lawmakers' action in eliminating the right of public employees to buy additional retirement credits was 'wholly reasonable' and did not violate any binding promises made to the employees, the [court said] ... A lawyer for a firefighters union that challenged the law said it would probably seek review by the state Supreme Court, which has already agreed to consider another case cutting back on public pensions.... [The] case affects a pension system for 1.6 million state and local employees, although the ruling deals only with those who were employed when the law took effect in 2013[.]" [Cal Fire Local 2881 v. California Public Employees' Retirement System, No. A142793 (Cal. Ct. App. Dec. 30, 2016)] |
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |