Rains Lucia Stern St. Phalle & Silver

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June 12th, 2018 – Public Employee Pensions Under the “California Rule” (San Francisco, CA)

June 12, 2018 by Hien Nguyen

RLS partner Tim Talbot will be speaking as one of three panelists at this upcoming class concerning recent attacks against public employees' vested rights to their pensions under the "California Rule".

This class is offered by The Rutter Group and is eligible for MCLE credit. Registration and more information are available at the official site here.

From the official site:

Under the so-called “California Rule,” a public employee’s right to receive a future pension benefit on immutable terms is considered a vested right, such that those terms can only be changed to the employee’s detriment under very limited circumstances. This rule, which evolved over decades of judicial decision making, is getting a closer look in light of the California Governor and legislature’s recent attempt to address certain real or perceived abuses of defined benefit pension systems, some of which are blamed for contributing to the underfunding of certain public pension systems. Underfunding requires public entities to pay higher employer contributions to amortize these unfunded liabilities – costs they claim will “crowd out” vital public services.

In 2012, in part as a result of this fiscal stress, the State enacted pension reforms, which public employee unions and others challenged as violating public employees’ vested rights to their pensions. The California Supreme Court has before it three of these cases, in which the parties and a wide range of amici are making arguments on the proper scope of the “California Rule.” This program, featuring the attorneys who are in the front lines in these cases, will examine the law from the point of view of the public employees, the retirement systems, and the public employersThe Rutter Group

Registration

Date/Time

June 12, 2018

Location:

Hotel Nikko
222 Mason Street
San Francisco, CA 94102

Filed Under: Past Classes Tagged With: timothy-k-talbot

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  • Practice Areas
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