CalPERS Committee Passes Proposal To Alter State Employee Pension Calculations
On Tuesday, a CalPERS committee approved a proposal to include nearly 100 additional types of special payments -- such as pay from temporary promotions -- when calculating public workers' pension benefits. The proposal, which would only affect employees who joined the pension fund in 2013 and later, now goes to the full CalPERS board for a final vote where it is expected to pass.
- "CalPERS Committee OKs Counting Supplemental Pay Toward Public Pensions" (Ortiz, "The State Worker," Sacramento Bee, 8/19).
- "State Pension Committee Approves Retirement Compensation Proposals" ("KXJZ News," Capital Public Radio, 8/19).