The board of the California Public Employees' Retirement System (CalPERS), the nation's largest pension fund, voted Tuesday to approve 99 types of supplemental pay that will count towards pensions for government workers. The vote sparked an angry response from Gov. Jerry Brown, who says it undermines the pension reforms he signed two years ago. Those reforms barred one-time or ad-hoc payments aimed at spiking salaries in order to increase pension benefits.
Gov. Brown: CalPERS Vote Undermines Previous Pension Reforms
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