Day: May 24, 2020

California high court hears suit on 2012 pension reform law

The California Supreme Court grappled Tuesday with whether to uphold a state law designed to help reduce a shortfall of hundreds of billions of dollars in state and local pension systems.

During a hearing, the state’s highest court did not clearly indicate which way it would rule. Only four of the court’s seven justices asked questions, and those who did speak challenged both sides in the dispute.

The court is considering a challenge by unions to a 2012 law that forbade the practice of “pension spiking” for all government employees. The practice involves inflating a future pensioner’s pay, usually at the end of their career, by cashing in years of accumulated vacation or sick pay or volunteering for extra duties.

Because pension payments are calculated based on a worker’s highest year of earnings, spiking can produce a more lucrative retirement than what the employee earned on the job. At least

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The Pennsylvania Society – Wikipedia

The Pennsylvania Society
Pennsylvania Society logo.png
Date(s) Second weekend in December
Frequency annual
Location(s) New York City
Inaugurated 1899

The Pennsylvania Society is an annual weekend retreat for Pennsylvania’s politicians and business leaders held in New York City. It began during the late 19th century as a meeting of Pennsylvanians living in New York City who gathered annually beginning in 1899 to discuss events in their home state. As the first few meetings developed into an annual event, it morphed into weekend-long retreat where political networking and fundraising took place in New York’s finest clubs, restaurants, and hotels. The main event of the weekend is the “Pennsylvania Society Dinner,” which is sponsored by “The Pennsylvania Society,” a nonprofit corporation. In recent years the receptions hosted by lobbyists, political committees, and corporations have taken on increased importance.

It has been criticized because of its image as a stereotypical “smoke-filled room” where lobby groups gain

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