Posts Tagged: appeals
The CalPERS' governing board during a meeting several years ago at the pension fund's headquarters. (Photo: CalPERS board)
First CalPERS announced last year that it was cutting the eye-popping pension of a former city of Vernon official, Bruce Malkenhorst, from $551,688 a year to $115,848. Then yesterday the CalPERS board approved the recovery of a $3.5 million pension overpayment from Malkenhorst, 84, who retired in 2005 from the tiny industrial city south of downtown Los Angeles known for corruption.
Two senior women exercising at a health club. (Photo: Karel Hoppe)
A U.S. Supreme Court ruling in January weakens the “vested rights” protection of retiree health care based on a labor contract, potentially making it easier for government employers to cut a growing cost. The high court overturned an influential federal appeals court ruling that said retiree health care authorized by a short-term labor contract is presumed to be a lifetime benefit, unless the contract has clear language to the contrary.
An artist's rendering of the California bullet train. (Photo: HSR)
Dan Richard, the chair of the California High Speed Rail Authority, is a man in the middle. The middle of court fights, the middle of political fights, the middle of a fight over California’s future. “The rest of the developed world has moved energetically to adopt high-speed rail. We will too,” Richard says. He may be right.