< 25 Top Pension Power Players

The fate of California’s defined benefit pensions — and potentially those in every state — now lies in the hands of California Chief Justice Tani Cantil-Sakauye, 57, and her six fellow judges. If California’s top court rules that promised pension benefits can be taken away, that may open the door to drastic pension overhauls, removing an obstacle that has long frustrated would-be reformers around the country. For public employee retirees in Marin County, it could be “good-bye, pension spiking; hello, benefit adjustments.” The story so far: In 1955 the Supreme Court of California ruled that under the state’s commerce clause, benefits that had been promised to workers could not be taken away — though reasonable modifications were allowed if they included some comparable new advantages. This decision, known as the California rule, has been used by courts throughout the U.S. and its territories to stave off pension reform. Last year, though, a San Francisco court unanimously upheld a Marin County pension reform effort. The decision was challenged, and Cantil-Sakauye’s court has agreed to hear the case. — Imogen Rose-Smith

 
The 2017 Pension Political Power 25

1. Andy Puzder Secretary of Labor 2. Bruce Rauner Governor of Illinois 3. Betsy DeVos Secretary of Education Advisors and Their Clients Call for New Asset Classes in Model Portfolios Sponsored by BlackRock May 6, 2025 4. Laura & John Arnold Founders, Laura and John Arnold Foundation 5. Steven Mnuchin Secretary of the Treasury

6. Wilbur Ross Secretary of Commerce 7. Tani Cantil-Sakauye California Chief Justice 8. Paul Ryan Speaker of the House 9. Anthony Scaramucci Founder, SkyBridge Capital 10. Kevin de León California State Senator and President Pro Tempore

11. Mike Enzi Chairman, Senate Subcommittee on Primary Health and Retirement Security 12. Steve Sweeney President, New Jersey State Senate 13. Jerry Brown Governor of California 14. Corey Lewandowski Co-founder, Avenue Strategies 15. Paul Singer President, Elliott Management Corp.

16. Randel Johnson Senior Vice President, Labor, Immigration, and Employee Benefits, U.S. Chamber of Commerce 17. Joe Manchin U.S. Senator 18. Kenneth Feinberg Founder and managingpartner, Feinberg Rozen 19. Scott Walker Governor of Wisconsin 20. Richard Trumka President, AFL-CIO

21. Mike Rawlings Mayor of Dallas 22. Elizabeth Warren U.S. Senator 23. Kent Mason Partner, Davis & Harman 24. Bernie Sanders U.S. Senator 25. Randi Weingarten President, American Federation of Teachers