Catherwood LibraryILR School

The California Public Employees' Retirement System (CalPERS), the biggest U.S. public pension, was sued for an injunction Tuesday due to the State of California's proposed delay of a $1.3 billion payment to CalPERS. The California Association of Professional Scientists, which filed the suit in a Sacramento court, complained it had not been given proper notification about the State's plan to borrow money to help with the estimated $12 billion budget deficit for the upcoming fiscal year. Union president Thomas Napoli accused Governor Gray Davis and the CalPERS board of robbing the employee pension plans to help with the deficit.