The California Court of Appeals slated oral arguments for Nov. 13 on a...

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.