Tag "vested benefits"
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Ruling on pension bonuses shows obstacles to CA reform
Providing bonus checks to government retirees when pension funds have good years has long been common and controversial around California. Now an appellate court has ruled this policy is a vested benefit that can’t be ended by formal action of
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CA cities gain tool to chop retirement benefits
A cliche in government circles is that there is no “magic bullet” available to address many big, difficult problems. But thanks to a recent action by the California Supreme Court, many local governments now do have a “magic bullet” to
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