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Public Pension State Constitutions

Best Best & Krieger LLP

California Supreme Court Finds Modifications to CERL Constitutional, But Leaves “California Rule” Intact

Modifications Are Permissible Under the California Rule - In a unanimous decision, the California Supreme Court held that changes made to the County Employees’ Retirement Law, known as CERL, by pension reform measures...more

Nossaman LLP

The California Supreme Court Addresses the California Rule and Public Retirement System Governance

Nossaman LLP on

In a landmark decision of a unanimous court, on July 30, 2020, the California Supreme Court issued its second case in two years on the scope of the “California Rule,” Alameda County Deputy Sheriff’s Assoc. et al., v. Alameda...more

Allen Matkins

Why California Can't Buy Stock

Allen Matkins on

If you are looking to sell shares in your company to the State of California, you might want to reconsider. Article XVI, Section 17 of the California Constitution expressly forbids the state from subscribing to, or being...more

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