Aug. 19, 2014
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Includes Various Items of “Ad Hoc” Pay in Possible Violation of PEPRAFollowing a brief public hearing today, the CalPERS Pension and Benefits Committee on a 6-2 vote accepted its staff recommendation to adopt new regulations for determining which forms of compensation are “pensionable” for employees hired under the Public Employees’ Pension Reform Act of 2012 (PEPRA), as further amended in 2013. In doing so, the committee also rejected a request by the League, Gov. Jerry Brown, and many local agencies to exclude “temporary upgrade pay” from employee pension calculations. The matter goes before the full Board of Administration tomorrow.
Employee Relations, Pension Reform
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