The California Court of Appeals slated oral arguments for Nov. 13 on a lawsuit blocking pay hikes for 10 CalPERS internal portfolio managers. Last October, a Superior Court judge had ruled that the $136 billion California Public Employees Retirement System, Sacramento, attempted to circumvent state law by setting up its own payroll system to pay the employees; CalPERS appealed the ruling. State Controller Kathleen Connell, who had refused to grant the pay increases, sued CalPERS for issuing the checks directly.
The California Court of Appeals slated oral arguments for Nov. 13 on a...
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