Suit Against CalPERS to Force Payment of Interest on Withheld Funds & Benefits




News
 

Read the First Amended Complaint here.

On October 29, 2013, Plaintiffs' filed their Opposition to CalPERS Demurrer to First Amended Complaint, Notice and Motion to Request for Judicial Noitce in Support of Opposition, and Exhibit 1-6.

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On October 29, 2013, Plaintiffs' filed their Opposition to CalPERS Demurrer to First Amended Complaint, Notice and Motion to Request for Judicial Noitce in Support of Opposition, and Exhibit 1-6.

To read Plaintiffs' Opposition Click here.

To read Plaintiffs' Request for Judicial Notice Click here.

To read Plaintiffs' Exhibits 1-6 Click here.

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On September 16, 2013, Plaintiffs filed their First Amended Complaint.

Please read the Complaint, here.

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On March 8, 2013, Plaintiffs filed a Complaint seeking interest on monies, funds, benefits or contributions that CalPERS held or controlled. The proposed class action (BC502628) is filed in Los Angeles Superior Court, and assigned to Judge Shepard Wiley, Jr. in Department 311, in the Central Civil West courthouse.

On March 21, 2013. Judge Wiley set the initial status conference for June 12, 2013.

For more information, enter BC502628 at www.lasuperiorcourt.org/civilcasesummarynet/ui/


Welcome Class Action for failure to Pay Interest
 


CalPERS unlawfully fails to add, accrue, credit or pay interest on funds, credits, monies, benefits, or contributions that it withholds, holds, administers, or accumulates, including on:
  1. death benefits, including death benefits where CalPERS delayed payment in excess of 45 days;
  2. allowances, monies or benefits underpaid or withheld by CalPERS and then later paid in an accumulated or lump sum;
  3. Member contributions, allowances, monies or benefits on deposit with, administered by, or held by CalPERS, including during the pendency of administrative review (which can take months or even years);
  4. contributions made or monies paid by individuals to CalPERS to buy additional benefits such as prior service credit, including many transactions that CalPERS later denied and refunded or returned to individuals;
  5. monies, allowances, or benefits paid or contributed by an individual and later refunded or returned, including where CalPERS later disclaims that the individual is entitled to benefits or membership;
  6. unpaid but vested disability, service, and death allowances, monies or benefits; and
  7. in other situations where a Member, beneficiary, or claimant has funds, credits, money, benefits, or contributions on deposit with, administered by, paid by, held by, or owed from CalPERS where CalPERS fails to add, accrue, credit or pay interest.

Please read the Complaint, here




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