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California Court of Appeal Ends Decade-Long Dispute over Funding of County Retirement System
Nossaman LLP 
Apr. 2, 2024 "[T]he Court upheld the ACERA Board's fiduciary authority and discretion to maintain its longstanding Percentage of Payroll methodology for funding the retirement system. The Court also affirmed the Board's right not to continue to study how much its participating employers might have paid to ACERA in the past, or may pay to it in the future, using a different funding methodology that the Board has not adopted." [Alameda Health System v. Alameda County Employees' Retirement Ass'n, No. A165587 (Calif. First DCA, Div. 2 Mar. 27, 2024)] |
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