Scheduling
Time & Attendance
Forecasting
Employee App
Payroll Integrations
Communications
Archive
By Staff Report
Aug. 28, 2009
California Insurance Commissioner Steve Poizner on Thursday, August 27, said he will file a lawsuit to have the sale of $1 billion in State Compensation Insurance Fund assets declared unconstitutional.
After a recommendation by California Gov. Arnold Schwarzenegger, a state budget revision in July authorized selling $1 billion in SCIF’s assets to bolster the state’s ailing general fund.
But Poizner said the budget revision violates a provision of California’s constitution that requires “appropriate legislation” to establish a workers’ comp system.
“The pilfering of funds used to pay the claims of injured workers to instead help fill the state budget gap is both unconscionable and unconstitutional,” the commissioner said in a statement. “This $1 billion sale of SCIF assets could not only endanger the solvency of SCIF, but is a direct affront to the state’s jobs and business climate.”
The lawsuit, naming California Department of Finance Director Michael Genest and State Treasurer Bill Lockyer as defendants, is expected to be filed in Sacramento County Superior Court in the coming days, the commissioner said.
Filed by Roberto Ceniceros of Business Insurance, a sister publication of Workforce Management. To comment, e-mail editors@workforce.com.
Stay informed and connected. Get human resources news and HR features via Workforce Management’s Twitter feed or RSS feeds for mobile devices and news readers.
Come see what we’re building in the world of predictive employee scheduling, superior labor insights and next-gen employee apps. We’re on a mission to automate workforce management for hourly employees and bring productivity, optimization and engagement to the frontline.
Staffing Management
Managing employee time-off requests: A guide for business ownersSummary Vacation, sick time, PTO banks, and unpaid leave are only a few forms of employee time off — Mo...
Technology
Labor analytics: A how-to guide for company leadershipMake sure to start small, clean your data, use data from a variety of sources and use desired business ...
data analytics, employee data, HR Tech, people analytics, talent management
Technology
Why tattleware isn’t the solution for underperforming teamsIf your employees can take their smartphones out of their pockets to circumvent your efforts, how can y...
employee monitoring, HR technology, tattleware