In Serrano v. California Public Employees Retirement System (Case No. C098392, February 25, 2025), the Third District Court of Appeal unanimously upheld the CalPERS Board’s exclusion of certain compensation paid to a member...more
In surprising news for the California county retirement system community, on April 17, 2024, the California Supreme Court granted review of Ventura County Employees’ Retirement Ass’n v. Criminal Justice Attorney’s Ass’n of...more
On January 4, 2024, the Second District Court of Appeal, Division 6, unanimously rejected the first lawsuit challenging a county retirement board’s implementation of the California Supreme Court’s Alameda decision (VCERA v....more
Congress recently passed the SECURE 2.0 Act of 2022. Building on the Setting Every Community Up for Retirement Enhancement Act of 2019, SECURE 2.0 attempts to expand retirement plan coverage and increase retirement savings...more
On February 15, 2023, changes to Actuarial Standard of Practice (ASOP) No. 4 will be effective, and defined benefit plans will need to comply with these new rules in all actuarial funding valuations with measurement dates...more
On January 30, 2023, the Fourth District Court of Appeal clarified which sorts of retirement benefit payments do and do not count as a “disability allowance” within the context of the reciprocity rules of the County Employees...more
All public pension plans need a well-crafted fiduciary liability insurance policy. This should include ample coverage, including protection against the risk of impending litigation. The recent ruling by the U.S. Court of...more
7/9/2021
/ Breach of Contract ,
Declaratory Relief ,
Denial of Insurance Coverage ,
Duty to Defend ,
Fiduciary Duty ,
Fiduciary Liability Insurance ,
Insurance Claims ,
Insurance Industry ,
Insurance Litigation ,
Pensions ,
Policy Exclusions ,
Public Pension ,
Retirement ,
Retirement Plan
Please join our Public Pensions & Investments Group for our webinar, "Legal Consequences of Shelter-in-Place Orders and Beyond for Public Pensions Systems," on May 7, 2020.
As COVID-19 continues to transform the private...more
4/28/2020
/ Construction Industry ,
Continuing Legal Education ,
Coronavirus/COVID-19 ,
Investment Management ,
Investors ,
Private Funds ,
Public Pension ,
Real Estate Investments ,
Remote Working ,
Retirement ,
Retirement Funds ,
Retirement Plan ,
Trustees ,
Webinars
In a March 27, 2015 opinion, the First District Court of Appeal unanimously declared a voter-approved amendment to the Charter of the City and County of San Francisco (City) to be unconstitutional as applied to current City...more