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A Second California Court Says Public Employee Pension Set at Hire Can Be Cut
Calpensions Link to more items from this source
Jan. 9, 2017
"A second appeals court panel has unanimously ruled that the public pension offered at hire can be cut without an offsetting new benefit, broadening support for what pension reformers call a 'game changer' if the state Supreme Court agrees.... The two appeals court rulings are contrary to previous rulings known as the 'California rule': The pension offered at hire becomes a vested right, protected by contract law, that can only be cut if offset by a comparable new benefit, erasing any savings." [Cal Fire Local 2881 v. California Public Employees' Retirement System (CalPERS), No. A142793 (Cal. Ct. App. Dec. 30, 2016)]

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