Friday
Jun012012
SACRAMENTO: CalPERS, decision to slash pension benefits for former Vernon officials, details regarding amount relating to each individual; also, Sen. Kevin de Leon to request state attorney general criminal investigation of Vernon pension situation....
Friday, June 1, 2012 at 8:23AM ***City of Vernon in the news again, this time by way of action taken in Sacramento to slash lavish retirement benefits of former city officials....
* Los Angeles Times: "State pension agency slashes benefits for former Vernon officials" - "California pension officials will reduce the benefits of former Vernon leaders, one of whom receives $545,000 a year, after an audit found improper enhancements."
* Sacramento Bee: "CalPERS cuts pension benefits for Vernon officials"
