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What the pension ruling means for California’s taxpayers
Opinion

What the pension ruling means for California’s taxpayers

■ By Jon Coupal / Contributed Last week, the California Supreme Court issued a ruling in Cal Fire Local 2881 v. CalPERS, a case involving public employee pensions. For taxpayers, the decision was a mixed bag. On the plus side, the court refused to find a contractual right to retain an option to purchase “air time,” a perk that allowed employees with at least five years of service to purchase up to five years of additional credits before they retire. Under this plan, a 20-year employee could receive a pension based on 25 years of contributions. On the negative side, the high court left intact, for now, the so-called California Rule,

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