Friday, December 14, 2012

Alameda County DSA Secures Stay to Stop Pension Changes

On December 12, 2012, the Alameda County DSA secured a stay to stop the Alameda County Employees' Retirement Association from implementing controversial changes to deputies' pension formulas.  ACERA announced it would change the formula to calculate deputies' retirements to exclude cashed-out vacation and sick leave accruals from "final compensation" because of its interpretation of AB 197, part of Governor's Brown's pension reform package.  The DSA quickly filed suit the block the changes and preserve members' bargained-for benefits.  The stay protects members benefits while the legal challenge proceeds.  Alameda County DSA is represented in the matter by Mastagni Law attorneys David E. Mastagni and Isaac S. Stevens.  See a copy of the stay here.