Compensation Strategies Group, Ltd.
Creative Pension Consultants, Inc.
ERISA Services, Inc.
Nicholas Pension Consultants
The Retirement Plan Company (TRPC)/an ABG firm
Nova 401(k) Associates
Atlantic Pension Services Inc
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|New California Law Increases Public Employer Exposure to Damages for CalPERS Compensation Reporting Errors|
Liebert Cassidy Whitmore
Oct. 4, 2021
"Senate Bill (SB) 278 ... adds Government Code section 20164.5 and will go into effect on January 1, 2022. [The new law creates] new and in some cases retroactive financial exposure for CalPERS agencies already struggling to fund their pension obligations.... SB 278 would shift almost all of the consequences for reporting later disallowed compensation to the employer."
|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 link above).|
|An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).|