CalPERS: hey, let’s revive pension spiking!

Sure, why not? Pension spiking helped drive three California cities into bankruptcy. It’s part of a pension package driving municipalities and the state itself into the red. It’s such a bad actor the governor specifically outlawed it in a reform bill a couple years ago. Let’s do it!

As expected CalPERS, the state pension hogzilla, approved pension increases to 99 categories of public employee yesterday. The one getting all the lightning involves giving higher pensions to public employees for temporary jobs.

So, if your co-worker goes out sick for a while, and you take over some of his duties, you pay goes up temporarily — which is fair — but your pension goes up permanently, which is … so CalPERS.

Gov. Jerry Brown issued a statement. “Today CalPERS got it wrong,” he said. “The vote undermines the pension reforms enacted just two years ago. I’ve asked my staff to determine what actions can be taken to protect the integrity of the Public Employees’ Pension Reform Act.”

What does it tell you when a pro-labor, Democrat governor denounces CalPERS and explores suing it? It tells you CalPERS is a threat to the state.

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    Michael Fitzgerald

    Mike Fitzgerald is The Record’s award-winning metro columnist. His column runs in the paper three times a week. Born in San Francisco, he was raised in Stockton. His column covers diverse beats including, sometimes, the offbeat. Read Full
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