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Was it constitutional for Proposition 124 to replace PSPRS' permanent benefit increases with a capped 2% COLA?

In this blog I and multiple commenters have broached the subject of the suspect constitutionality of PSPRS' replacement of the old perma...

Wednesday, March 2, 2016

Correction to the last post about PSPRS retiree representation

Thank you to the reader who pointed this out.  There is a PSPRS retiree on the ten-member PSPRS advisory committee.  Here is the relevant passage from SB 1428:
BEGINNING JANUARY 1, 2017, THE PUBLIC SAFETY PERSONNEL RETIREMENT SYSTEM ADVISORY COMMITTEE IS ESTABLISHED AND SHALL SERVE AS A LIAISON BETWEEN THE BOARD AND THE MEMBERS AND EMPLOYERS OF THE SYSTEM.  THE COMMITTEE SHALL BE APPOINTED BY THE CHAIRPERSON OF THE BOARD FROM NAMES SUBMITTED TO THE CHAIRPERSON BY ASSOCIATIONS REPRESENTING LAW ENFORCEMENT, FIREFIGHTERS, STATE GOVERNMENT, COUNTIES, CITIES AND TOWNS AND TRIBAL GOVERNMENTS.  THE COMMITTEE SHALL SELECT A CHAIRPERSON FROM AMONG ITS MEMBERS EACH CALENDAR YEAR.  THE COMMITTEE SHALL CONSIST OF THE FOLLOWING TEN MEMBERS:
1.  A MEMBER WHO IS A LAW ENFORCEMENT OFFICER.
2.  A MEMBER WHO IS A FIREFIGHTER.
3.  A MEMBER OF THE ELECTED OFFICIALS' RETIREMENT PLAN.
4.  A MEMBER OF THE CORRECTIONS OFFICER RETIREMENT PLAN.
5.  A RETIREE FROM THE PUBLIC SAFETY PERSONNEL RETIREMENT SYSTEM.
6.  A REPRESENTATIVE FROM A CITY OR TOWN IN THIS STATE.
7.  A REPRESENTATIVE FROM A COUNTY IN THIS STATE.
8.  A REPRESENTATIVE FROM A FIRE DISTRICT IN THIS STATE.
9.  A REPRESENTATIVE FROM A STATE EMPLOYER.
10.  A REPRESENTATIVE FROM A TRIBAL GOVERNMENT LOCATED IN THIS STATE
I apologize for this error and should have read the text of the bill, not just the fact sheet.  Regardless, it is still vitally important that retirees get representation on the Board of Trustees since they will be outnumbered 9-1 by government and active employees on the advisory committee, and the advisory committee members will submitted by "associations of representing law enforcement, firefighters, state government, counties, cities, and towns and tribal governments," organizations that will overwhelming favor active members.  This will further help stack the advisory committee against retirees.

3 comments:

  1. Theo G. Nielson Sr.March 21, 2016 at 10:01 AM

    Thanks for keeping me up to date.

    ReplyDelete
    Replies
    1. You're welcome, and thank you for reading.

      Delete
  2. I believe the fund is estimated to be, what $5 million in the red? But that's based on a 7.5% return. I wonder if there is a way to calculate that number based on the return monthly...

    ReplyDelete

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