Support is growing daily among taxpayers in California's Ventura County for an initiative to channel all new employees into a 401(k) savings plan rather than a pension.

The move came after a former sheriff, Robert Brooks, asked a court for $75,000 a year more in retirement pay.  

Brooks, who retired in 2011 with a salary of $227,000, collects $50,000 a year more than that, with guaranteed cost-of-living increases, but wants even more. Brooks sued late last year for $75,000 more annually, claiming the law allows it.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.