By Pete Constant, Chief Executive Officer, Retirement Security Initiative
I’m frequently asked about the importance of the “CalFIRE case” for which the California Supreme Court may soon issue a decision. To help everyone better understand the case, RSI has put together a short ‘explainer’ document that you can read here. This case has potential nation-wide impact. At dispute is the offering of “Air time,” a pension spiking practice that CalPERS stopped allowing after the Public Employee Pension Reform Act (PEPRA), signed by Governor Jerry Brown, took effect in 2013. A decision from the California Supreme Court could break the California Rule’s stranglehold on pension reform and make it possible to head off the impending public pension crisis.