On June 24th, 2016

In The News - New California law enforcement contract has ‘fitness’ loophole

2016-06-24_15-46-48

Excerpt:

"Gov. Jerry Brown, the architect of stiffer public pension laws three years ago, has again reached a state labor agreement that uses an accounting trick to add money to some state employees’ retirement accounts.

The tentative contract with the California Statewide Law Enforcement Association:

1. Eliminates the requirement that covered employees pass fitness tests to receive a $65 monthly physical-fitness incentive payment.

2. Rolls the $65 a month into base pay.

3. Makes the $780 per year pensionable income – and subject to future bargained pay raises. Under Brown’s 2013 pension law, fitness pay doesn’t count toward retirement benefits.

4. Voilà! Loophole created."

http://www.sacbee.com/news/politics-government/the-state-worker/article84506647.html

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