Retirement Systems to Reduce Pension Spiking

11-09-2012 |

According to this article in the Contra Costa times, public employee retirement systems in Contra Costa, Alameda and Merced counties plan to reduce pension spiking starting Jan. 1 to comply with PEPRA (and AB 197), but workers have vowed to sue. The article includes a link to a letter discussing the effect of AB197.

Lawsuit certain over state law that curbs pension spikes of up to 24 percent