CalPERS got it right when it voted last week to affirm the existing practice of counting temporary out-of-classification assignments toward retirement.
This issue was specifically discussed in negotiations over Assembly Bill 340, and the Legislature agreed that this compensation should continue to count towards retirement and wrote the Public Employees Pension Reform Act (PEPRA) consistent with this decision.
We made this decision based on a thorough assessment of the facts, including:
Repealing the benefit would not save money, it would cost money. Also, it would harm employees who legitimately perform work at management’s request and pay out of their own check to fund the benefit.