Capped. Sounds like shooting it dead. Who makes up that labor board?
CalPERS allows a police officer to retire at 50 with a substantial pension. Police argue that it will be difficult to recruit and retain officers if their pension plan is capped.
The PERB complaint follows a lawsuit the PGPOA filed on Nov. 3, 2010, against the city over the pension issue. “The retirement contribution ordinance exceeds the initiative power of the people and violates the city’s charter and is therefore invalid and unenforceable,” according to the suit filed in Monterey County Superior Court.