Local Government Employees on Local Government Pension Boards - An Important Court Case in California
It's been over three years since I wrote about the
conflict situation of San Diego's pension board. Its members were
selected by the city government labor unions and by the city, and they
worked for the city. When an increase in their retirement benefits was
explicitly tied to their approval of a reduction in contributions to
the pension plan, the pension board members acted in their personal
interest and against the interest of the city's taxpayers in the responsible handling of the pension system.