State Supreme Court Rules Pension Credits Don't Deserve Special Protection

Route Fifty: California is free to eliminate credits it previously allowed public employees to purchase so that they could increase their retirement benefits, the state’s Supreme Court ruled on Monday.  

The case was being watched closely by those with an interest in public pensions because of its possible implications for the so-called “California Rule”—a legal construct that makes it difficult for state and local governments to roll back pension benefits for their workers.

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