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.

-----------------------------------------------

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.

-----------------------------------------------

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

Please read the Complaint, here.

-----------------------------------------------

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/


Member Contributions
 


CalPERS must pay interest at 6 percent on 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).

Return of Contributions. Interest on return of contributions are paid interest. The account of a member who elects to be subject to Section 21076 shall be paid current year interest through the effective date of that election for service rendered as a state miscellaneous or state industrial member. Interest subsequent to the effective date of that election shall accrue at a rate determined by the board. The member shall not receive his or her accumulated contributions plus interest until the time of retirement or upon request after permanent separation from state service. Interest shall be paid through the day prior to retirement or through the date on which the claim is filed with the Controller. This section does not apply to a member who elects to be subject to Section 21077.

Please read the Complaint, here




FOR MORE INFORMATION,
PLEASE CALL AT
(310) 312-1100

 


Information Provided by Law Offices of John Michael Jensen (Terms of Use, Disclaimer)

johnjensen@johnmjensen.com | (310) 312-1100 | 11500 W. Olympic Blvd, Los Angeles, CA 90064