News
Pension spiking’s ‘poster child’
The CalPERS' governing board during a meeting several years ago at the pension fund's headquarters. (Photo: CalPERS board)A Moraga-Orinda fire chief drew national attention six years ago for retiring at age 50 with a pension much larger than his base pay. He went back to work as chief the following Monday, hired as a consultant with full salary. “People point to me as a poster child for pension spiking, but I did not negotiate these rules,” Peter Nowicki said.