The State Worker

Chronicling civil-service life for California state workers

January 14, 2013
Columnist, CalPERS lock horns over implementing pension law

Columnist, CalPERS lock horns over implementing pension law

Storified by Jon Ortiz· Mon, Jan 14 2013 08:42:39

Over the weekend, Bay Area News Group columnist Dan Borenstein went bonkers over a Dec. 27 CalPERS memo to employer members that delineates nearly 100 varieties of pay that the fund's staff concluded fall under the definition of "normal compensation" for purposes of calculating pensionable income. 

The definition matters because it's key to implementing the state and local pension reform measure that took effect on Jan. 1. Borenstein says including all those pay extras leaves the door open to pension spiking. 

CalPERS' three-day Board of Administration meeting in Monterey starts today and implementing the new law is on the three-day agenda.
Daniel Borenstein: CalPERS planning to gut a key cost-control provision of new pension lawBy administrative fiat, the California Public Employees' Retirement System has undermined a key anti-spiking provision of the new state p...
CalPERS response: It's a preliminary interpretation based on consultation with lawmakers who wrote and supported the legislation. CalPERS already has stiff anti-spiking rules in place and the new law's cap on pensionable income adds another layer.

Borenstein's "personal bias and crusade against public employee pensions once again got the best of him," the fund said in this letter to the editor and published on CalPERS' website.
Dan Borenstein's Crusade Against Public Pensions Gets the Best of Him and Misleads ReadersDan Borenstein is one of the few columnists that understands many of the complexities of public pensions but his personal bias and crusad...
Here's the list:
Here's the letter to employers:
Here's the board's agenda. The pension matter is set for discussion on Wednesday:

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About The State Worker

Jon Ortiz The Author

Jon Ortiz launched The State Worker blog and a companion column in 2008 to cover state government from the perspective of California government employees. Every day he filters the news through a single question: "What does this mean for state workers?" Join Ortiz for updates and debate on state pay, benefits, pensions, contracts and jobs. Contact him at (916) 321-1043 and at jortiz@sacbee.com.

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