Ex-Calif. Official Challenges Reduction Of Record Pension

Law360, Los Angeles (January 17, 2013, 4:42 PM ET) -- A former Vernon, Calif., administrator who received California's largest public pension sued the state's employee pension fund on Wednesday, arguing it couldn't slash his retirement pay from over $500,000 to $115,000 per year because it approved his hefty pay years earlier and couldn't revisit the matter.

Bruce Malkenhorst Sr. filed a petition for writ of mandate in Los Angeles County Superior Court against the California Public Employees' Retirement System and CalPERS' Board of Administration challenging the pension reduction. Malkenhorst, who served as city administrator for the...
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