From Sac Bee:
CalPERS has suspended a program that allowed some salaried managers to moonlight in-house and take hourly pay, saying that the controversy surrounding the practice has become a “significant distraction” to its work.
In a statement issued late Friday afternoon, the state’s largest public employee pension fund said it is stopping “additional appointments” immediately, despite its assertion the practice saved an estimated $1.6 million since June 2011.
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Photo courtesy kcxd, flickr
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