A state pension fund committee has approved retirement calculations for new hires despite concerns about pension spiking raised by California Gov. Jerry Brown and local governments.
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The committee of the California Public Employees' Retirement System board voted 6-2 Tuesday for nearly 100 types of pay that can be used for calculating pensions for workers hired after Jan. 1, 2013. The full board is expected to vote Wednesday.
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A Brown administration official said counting extra pay given during short-term promotions goes against the intent of the governor's 2012 pension reform law.
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Chris McKenzie, executive director of the League of California Cities, also urged the board to review pay differentials that have grown "excessively."
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Employee representative JJ Jelincic supported the calculations, saying workers who earn the extra pay are entitled to be compensated. (AP)
