California’s Supreme Court has taken the first, halting steps toward testing the so-called “California Rule,” which has made it close to impossible for local governments to get their spiraling pension costs under control. In an important but not definitive ruling, the state’s highest court upheld Gov. Jerry Brown’s 2012 pension reforms which eliminated “air time”…
This article is only available to Business Times subscribers
Subscribers: LOG IN or REGISTER for complete digital access.
Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists.
