CalPERS Explains a Tough Benefit Denial Decision
The CalPERS Board determined that pay granted as a lawsuit settlement was not pay that could be included in pension benefit calculations.
The CalPERS Board determined that pay granted as a lawsuit settlement was not pay that could be included in pension benefit calculations.
The central issue in the case was whether several collective bargaining agreements entitled a class of retirees from Moen Inc. to vested healthcare benefits for life.
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