Compliance November 29, 2007
CA High Court Takes San Diego City Pension Appeal
November 29, 2007 (PLANSPONSOR.com) - California
Supreme Court justices on Wednesday agreed to take a review
of a lower court ruling denying a request by six former San
Diego city pension officials to dismiss criminal charges
against them.
Reported by Fred Schneyer
The case the state high court agreed to take involves the ex-pension officials who have been accused of violating state conflict-of-interest laws when they voted in favor of a plan to put less money into the retirement system and increase benefits in the future.
A San Diego Union-Tribune news report said Californiaretirement systems, including California Public Employees’ Retirement System (CALPERS), had urged the court to take the case, contending that allowing the former board members to be prosecuted under conflict-of-interest laws would imperil how retirement boards around the state operate.
The Fourth District Court of Appeal in September gave the go ahead for a trial against the six defendants on charges they agreed to a boost in retirement benefits for all city workers in 2002 and decreased contributions into the city’s system (See State Trial Against SD Pension Officials Gets Green Light )..