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In 1929, when California and the rest of the country plunged into the Great Depression, poor school districts began trimming budgets and classified jobs. For classified employees (known at the time simply as "non-certificated" workers), the Depression meant an increase in their workday to 12 hours per day, six days a week with wages as low as ...
Public employee unions wanted to rein in retired annuitants, contending the positions should be used for full-time employees. New CalPERS rule limits how long retirees can work while drawing a pension
The California Employers’ Retiree Benefit Trust Fund was established by CalPERS in March 2007 to provide California public agencies with a cost-efficient, professionally managed investment vehicle for prefunding other post-employment benefits (OPEB) such as retiree health benefits. Prefunding reduces an agency's long-term OPEB liability.
LACERA was established on January 1, 1938, following passage of the County Employees Retirement Law of 1937 (CERL), which mandates LACERA to pay for the defined retirement benefits of Los Angeles County employees and their beneficiaries. [1] [3] In 1971, LACERA began administering a retiree healthcare benefits program. [1]
Retirees decide to continue or resume working for many reasons. Perhaps it helps with staying intellectually or physically active, or it may simply be a reprieve from boredom. But often, an ...
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