1. CalPERS Board Splits on Pension 'Spiking' Rule

    CalPERS Board Splits on Pension 'Spiking' Rule

    “If someone is put into a higher-paying position at the end of their career, not on merit, that seems to present the potential for pension spiking,” said board member Richard Gillihan, a Brown administration official who voted “no” on the new rules. If employers ...

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