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/


Monies Held By CalPERS During Administrative Review.
 


CalPERS holds Plaintiffs' funds but fails to pay interest during the pendency of an administrative review.

Denied After Administrative Review, Return of Funds. CalPERS received funds from some class members, but returned the monies after a benefit was denied. CalPERS paid no interest for the period of the administrative review when it held the funds.

Granted After Administrative Review, Without Interest. Other class members received the desired benefits but CalPERS delayed paying the correct pension allowances and has failed to pay interest on the funds during the review.




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