By working just two and a half more years, retired Vallejo City Manager Joseph Tanner boosted his starting annual pension from $131,500 to $216,000. He wants more, claiming he's entitled to yearly retirement pay of $307,000.
An administrative law judge, the board of the California Public Employees' Retirement System and a Sacramento County judge all rejected his outlandish pension-spiking attempt. Now he is now taking his six-year dispute to the state Court of Appeal. At issue is whether CalPERS must pay benefits on a contract Tanner and the Vallejo City Council concocted to boost his pension or whether the retirement system has the legal right and responsibility to set boundaries. So far the rulings have come down on the side of sanity.
Read more: http://www.contracostatimes.com/news/ci_29009577/daniel-borenstein:-city-managers-breathtaking-pensionspiking-gambit-seeks-307000-annual-payout
