NEWS: California public employees’ pension perks can be taken away, court rules

The California Supreme Court has released a decision that allows California government agencies to alter secondary retirement benefits offered to public workers, while avoiding the question of whether public employers could alter core pension rights. Unions and government agencies portrayed the case as a test of the “California Rule”, a group of legal rulings that strengthen public employee pension protections. One of the main retirement perks in question was the ability for public employees to purchase “air time”, where employees could purchase up to five years of credit to boost their pensions as if they had worked that time.

Click here to read the full article at the Sacramento Bee.