California Court of Appeal

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O'Neal v. Stanislaus County Employees' Retirement Assn., 070605

In a suit brought by members of the retirement system operated by defendant Stanislaus County Employees' Retirement Association (StanCERA) through their retirement board, arguing that defendant's actions -- implementing several changes to the actuarial calculations used to determine how to amortize unfunded liabilities within the system and decision to utilize so-called non-valuation funds, money not used to ensure the overall system was actuarially sound, to reduce or replace required employer contributions -- constituted a breach of the constitutional fiduciary duties placed on the board of a county retirement system, the trial court's grant of summary judgment to defendants is reversed where, although the trial court correctly determined appellants were not entitled to summary judgment, the court erred in determining no material issues of fact remained.

Appellate Information

  • Decided
  • Published 2017/02/23

Judges

  • DETJEN

Court

  • California Court of Appeal

Counsel