Ventura County Taxpayers Association’s Brief Urges CA Supreme Court to Reject Calif. Rule (Pension Reform)

Favorable ruling will open pension plans to reasonable reform

VCTA has filed an Amicus Brief in support of the State of California in the pension reform case of Cal Fire v. CalPERS. The brief articulates the right of the legislature to adjust future pension benefits and the grave threat to state and local economies posed by increasing pension contribution requirements and the ever increasing balance of unfunded liabilities.

The brief argues against the judicially created “California Rule” that, as applied, requires that any reduction in pension benefits be offset by a different but comparable benefit. This rule was ill-considered, has been inappropriately applied, and it has made necessary modifications of public pensions virtually impossible.

Upholding a lower court ruling and rejecting the California Rule opens public pension plans to reasonable reform that would put plans on a path to long term sustainability and deliver retirement security for public employees and retirees.   

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