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New California Law Increases Public Employer Exposure to Damages for CalPERS Compensation Reporting Errors
Liebert Cassidy WhitmoreLink to more items from this source
[Guidance Overview]
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."

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