04
Aug
2011

Teachers want changes in pension spiking bill…

Categories: California Developments
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The California Teachers Association and California State Teachers’ Retirement System are opposing a bill that would limit pension “spiking,” the practice of boosting salaries right before retirement to increase pension payouts. SB 27, authored by Sen. Joe Simitian, D-Palo Alto, applies to the California Public Employees’ Retirement System and CalSTRS.

http://californiawatch.org/dailyreport/teachers-want-changes-pension-spiking-bill-11842

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