Overview
Ashley Dunning is co-chair of the Pensions, Benefits & Investments Group at Nossaman, a member of the firm’s Litigation department and recently served on the Firm’s Executive Committee. She has provided fiduciary, governance and litigation counsel services to retirement systems and their boards since 1998.
Ashley currently serves as fiduciary counsel to the California Public Employees Retirement System (CalPERS), the Public Employees’ Retirement System of Idaho (PERSI) and the New York State Teachers’ Retirement System (NYSTRS), as well as fiduciary, litigation, governance and/or special projects counsel to the majority of the twenty California retirement systems governed by the County Employees Retirement Law of 1937 (CERL) to the city retirement systems in Fresno, San Francisco, San Diego and Los Angeles, and to the New Mexico State Investment Council. She also is general counsel to the county retirement system in Marin. She has provided fiduciary governance training, consultation, and advice to the Maryland State Retirement and Pension System Board, Fire and Police Pension Association of Colorado Board and Staff, Colorado Public Employees’ Retirement Association’s Board and staff, the Howard County Maryland Retirement Plans’ Committees and to the Board of the Government Employees’ Retirement System of the Virgin Islands. She provided special project counsel to the Pension Reserves Investment Management Board of the Commonwealth of Massachusetts in 2018. She also has provided fiduciary expert witness testimony in proceedings on behalf of the University of California Board of Regents. Collectively, the retirement systems she serves hold more than $1 trillion in trust assets.
Ashley has represented public retirement systems in litigation in numerous cases resulting in published decisions. Ashley’s most recent argument on behalf of retirement systems before the California Supreme Court resulted in a unanimous decision in Alameda County Deputy Sheriff’s Ass’n v. Alameda County Employees’ Retirement Ass’n, 9 Cal. 5th 1032 (2020) (Alameda). Alameda is a landmark decision of the Court, which decided the narrow issues presented to it determining that statutory amendments it considered were constitutional, while preserving the strength of the “vested rights doctrine” based on the California Constitution’s Contract Clause, known in public pension law as the “California Rule.”
Ashley also is currently lead counsel for public retirement systems in six cases pending in California, one that is before the Supreme Court, two of which are before the Second and Third District Courts of Appeal, respectively, and three that are in trial court proceedings. These and other cases Ashley has led have involved disputes over all aspects of the administration and governance of public pension systems, including disputes over the extent to which benefits are contractually “vested” under the Federal and California constitutions, statutory interpretation regarding the provision of public retirement benefits, alleged conflicts of interest, retirement system funding, disability retirement and public transparency rules.
Experience
Experience
Ashley advises on issues involving fiduciary obligations, governance and public retirement, conflict of interest, open meetings and public records laws. She appears regularly before boards of trustees and in court proceedings on these issues. She also regularly provides training on these topics to clients and at conferences throughout the country. In addition, Ashley has taught "Ethics for Public Officials" annually for 15 years at the Principles of Pension Management for Trustees conference and all at General Assemblies sponsored by the California Association of Public Retirement Systems (CalAPRS), as well as for nearly two decades at the Fall and Spring Conferences of the State Association of County Retirement Systems (SACRS).
Published California Supreme Court decisions in Ashley's public pension cases include:
- Alameda County Deputy Sheriff’s Ass’n v. Alameda County Employees’ Retirement Ass’n, 9 Cal. 5th 1032 (2020);
- Flethez v. San Bernardino County Employees’ Retirement Ass’n, 2 Cal. 5th 630 (2017); and
- Lexin v. Superior Court, 47 Cal. 4th 1050 (2010).
Published and unpublished California Court of Appeal and Federal decisions in her public pension cases include:
- Alameda Health System v. Alameda County Employees’ Retirement Association, 100 Cal.App.5th 1159 (2024)
- Serrano v. Public Employees' Retirement System, 109 Cal. App. 5th 96, 2025 Cal. App. LEXIS 104, 2025 WL 617754 (February 26, 2025)
- Ventura County Employees’ Retirement Ass’n v. Criminal Justice Attorneys Ass’n of Ventura County, 98 Cal. App. 5th 1119 (2024); (S. Ct review pending);
- San Joaquin County Employees’ Retirement Ass’n v. Travelers Casualty and Surety Co. of America, No. 20-15053, 843 Fed. Appx. 919 (9th Cir. Apr. 8, 2021);
- Allum v. San Joaquin County Employees’ Retirement Ass’n, No. C090833, 2021 Cal. App. Unpub. LEXIS 3984 (2021);
- Scott v. Ventura County Employees’ Retirement Ass’n, No. CV-20-08166-PCT-DLR, 2020 U.S. Dist. LEXIS 177136 (D. Ariz. Sept. 25, 2020);
- Luke v. Sonoma County, 43 Cal. App. 5th 301 (2019);
- City & County of San Francisco v. Retirement Board of the San Francisco Employees’ Retirement System, No. A151518, 2019 Cal. App. Unpub. LEXIS 3273 (2019);
- Marin Ass’n of Public Employees v. Marin County Employees’ Retirement Ass’n, 2 Cal. App. 5th 674 (2016);
- Shelden v. Marin County Employees’ Retirement Ass’n, 189 Cal. App. 4th 458 (2010);
- Block v. Orange County Employees’ Retirement System, 161 Cal. App. 4th 1297 (2008);
- San Ramon Valley Fire Protection District v. Contra Costa County Employees’ Retirement Ass’n, 125 Cal. App. 4th 343 (2004); and
- In re Retirement Cases, 110 Cal. App. 4th 426 (2003).
Ashley regularly presents to national public pension organizations on fiduciary issues applicable to public pension boards and systems, as described under Select Presentations below.
REPRESENTATIVE CLIENTS
Ashley currently provides fiduciary and/or litigation, governance or special projects counsel for the following retirement systems (in alphabetical order):
- Alameda County Employees’ Retirement Association;
- California Public Employees’ Retirement System;
- Fire and Police Pension Association of Colorado;
- Fresno City Retirement Systems;
- Kern County Employees’ Retirement Association;
- Los Angeles City Employees’ Retirement System;
- Los Angeles County Employees’ Retirement Association;
- Los Angeles Fire and Police Pensions;
- Marin County Employees’ Retirement Association;
- Mendocino County Employees’ Retirement Association;
- Merced County Employees’ Retirement Association;
- New Mexico State Investment Council;
- New York State Teachers' Retirement System;
- Orange County Employees Retirement System;
- Public Employees’ Retirement System of Idaho;
- Sacramento County Employees’ Retirement System;
- San Bernardino County Employees’ Retirement Association;
- San Diego City Employees’ Retirement System;
- San Diego County Employees’ Retirement Association;
- San Francisco Employees' Retirement System;
- San Joaquin County Employees’ Retirement Association;
- Sonoma County Employees’ Retirement Association;
- Tulare County Employees’ Retirement Association;
- Ventura County Employees’ Retirement Association; and
- Water and Power Employees' Retirement Plan.
Insights
Publications
- 03.04.2025 | Nossaman eAlert
- 04.22.2024 | Nossaman eAlert
- 04.01.2024 | Nossaman eAlert
- 03.25.2024 | Nossaman eAlert
- 01.19.2024 | Nossaman eAlert
- 09.28.2023 | Nossaman eAlert
- 09.25.2023 | Nossaman eAlert
- 08.25.2023 | Nossaman eAlert
- Untangling the Web of County Employees Retirement Law Rules on Disability Retirement and Reciprocity02.03.2023 | Nossaman eAlert
- 10.25.2022 | Nossaman eAlert
- 03.28.2022 | Nossaman eAlert
- 12.09.2021 | Nossaman eAlert
- 09.17.2021 | Nossaman eAlert
- 02.09.2021 | Nossaman eAlert
- 12.16.2020 | Nossaman eAlert
- 11.25.2020 | Nossaman eAlert
- 10.01.2020 | The NAPPA Report
- 07.31.2020 | Nossaman eAlert
- 06.08.2020 | Nossaman eAlert
- 01.08.2020 | Daily Journal
- 12.16.2019 | Nossaman eAlert
- 06.26.2018 | Nossaman eAlert
- 03.27.2018 | Nossaman eAlert
- 02.26.2018 | Nossaman eAlert
- 03.03.2017 | Nossaman eAlert
- 10.01.2016 | SACRS Magazine
- 10.01.2015 | The NAPPA Report
Speaking Engagements
- Update on the Board of Retirement’s Roles and Responsibilities in Disability Retirement AdjudicationsVentura County Employees’ Retirement Association Governance Committee Meeting03.17.2025
- San Diego City Employees’ Retirement System Board of Administration Annual Educational Workshop02.13.2025
- Board of Trustees of the Maryland State Retirement and Pension System12.17.2024
- San Diego County Employees Retirement Association Board Meeting11.21.2024
- Nossaman's 2024 Pensions, Benefits & Investments Fiduciaries' Forum10.17.2024 - 10.18.2024
- Nossaman's 2024 Pensions, Benefits & Investments Fiduciaries' Forum10.17.2024 - 10.18.2024
- SFERS Board Members’ Fiduciaries Responsibilities With Respect to Funding the PlanStrategic Retreat of the SFERS Board of Retirement09.25.2024
- CFRS Boards’ Fiduciaries Responsibilities With Respect to Funding the Retirement SystemsCFRS’ Joint Boards’ Education Offsite09.17.2024
- Fiduciary Education for SDCERS Board of AdministrationMeeting of the Board of Administration | San Diego City Employees’ Retirement System09.13.2024
- Actuarial Funding Policy | Interest Crediting PolicyLos Angeles County Employees Retirement Association, Board of Investments Meeting09.11.2024
- National Association of Public Pension Attorneys Legal Education Conference06.26.2024
- Disability Retirement Process and Developing Issues Around Presumptions and AdjudicationsMarin County Employees’ Retirement Association Strategic Workshop06.20.2024
- National Council Teacher Retirement 37th Annual System Directors’ Meeting06.14.2024
- Fiduciary Training 2024 for LACERA Board of RetirementLACERA Board of Retirement Offsite Meeting05.28.2024
- National Conference on Public Employee Retirement Systems’ 2024 Annual Conference & Exhibition05.22.2024
- Select Litigation Involving California Public Pension SystemsState Association of County Retirement Systems (SACRS) Spring Conference attorney breakout05.08.2024
- AB 1234 Ethics Training for Public Officials: A Focus on Public Retirement System TrusteesSACRS’ Spring Conference05.07.2024
- Fiduciary Governance Education to Fire & Police Pension Association Board of Directors, Part II04.18.2024
- Understanding a Fiduciary's Roles and Responsibilities on a Public Retirement System BoardCalifornia Assocition of Public Retirement Systems (CALAPRS) Advanced Principles for Public Retirement System Trustees03.28.2024
- Five Steps for Managing Conflicts of Interest in Public Retirement System Administration and GovernanceCALAPRS Compliance Virtual Round Table03.19.2024
- SDCERS Board Members’ Fiduciary Responsibilities With Respect to Funding the PlanSan Diego City Employees’ Retirement System Board of Administration meeting03.08.2024
- Brown Act Compliance in 2024Kern County Employees’ Retirement Association Board of Retirement meeting02.29.2024
- VCERA v. Criminal Justice Attorneys Assn., et al. Decision02.26.2024
- Fiduciary Governance Education to Fire & Police Pension Association Board of DirectorsFPPA Board meeting02.15.2024
- Update on FPPC Form 700 and Related RulesMarin County Employees’ Retirement Association Board of Retirement meeting02.08.2024
- Fiduciary Education for Public Retirement System TrusteesContra Costa County Employees’ Retirement Association (CCCERA) Board of Retirement meeting01.24.2024
- A Discussion of the Intersecting and Complex Fiduciary Responsibilities of California Public Retirement System TrusteesCalPERS Board of Administration meeting01.17.2024
- Fiduciary Governance Report to the Board of RetirementVentura County Employees’ Retirement Association12.04.2023
- State Association of County Retirement Systems (SACRS) Fall 2023 Conference11.07.2023
- Legal, Legislative and Regulatory PanelNCPERS FALL Conference10.23.2023
- Legal Framework2023 NCPERS Accredited Fiduciary Program10.21.2023
- ESG _ Emphasis on ‘Social’ [DE&I Panel Discussion]National Council on Teacher Retirement 's 101st Conference10.07.2023
- Nossaman's 2023 Pensions, Benefits & Investments Fiduciaries' Forum10.05.2023 and 10.30.2023
- Pension Economics and Fiduciary Duty Education WorkshopSan Diego County Employees’ Retirement Association Board of Retirement meeting09.21.2023
- Fiduciary Governance Education & UpdateSan Francisco Employees’ Retirement System Board of Retirement meeting09.13.2023
- Actuarial Funding Policy ReviewLos Angeles County Employees Retirement Association Board of Investments meeting09.12.2023
- Fiduciary Considerations for ‘ESG’ Investing and Proxy VotingSan Joaquin County Employees’ Retirement Association Board of Retirement meeting09.01.2023
- National Association of Public Pension Attorneys’ 2023 Legal Education Conference06.27.2023 – 06.30.2023
- National Conference on Public Employee Retirement Systems 2023 Annual Conference & Exhibition05.23.2023
- Required Minimum Distribution Rules Applicable under the Internal Revenue Code and County Employees Retirement LawState Association of County Retirement Systems 2023 Spring Conference05.10.2023
- Understanding a Fiduciaries’ Roles and Responsibilities on a Public Retirement System BoardCalifornia Association of Public Retirement Association, Advanced Principles Workshop03.30.2023
- National Association of Public Pension Attorneys’ 2023 Winter Seminar02.22.2023 – 02.24.2023
- 2022 State Association of County Retirement Systems Annual Fall Conference11.09.2022
- Nossaman’s 2022 Public Pensions & Investments Fiduciaries’ Forum10.17.2022 – 10.18.2022
- Nossaman’s 2022 Public Pensions & Investments Fiduciaries’ Forum10.17.2022 – 10.18.2022
- San Diego County Employees’ Retirement Association's Board of Retirement Meeting03.17.2022
- Nossaman's 2021 Public Pensions & Investments Fiduciaries' Forum12.06.2021 – 12.07.2021
- San Joaquin County Employees’ Retirement Association Board of Retirement11.04.2021
- California Association of Public Retirement Systems' Virtual Trustee Round Table10.29.2021
- Columbia Business School Class Presentation10.27.2021
- Howard County Maryland Retirement Plans07.22.2021
- NAPPA’s 2021 Legal Education Conference06.24.2021
- NAPPA’s 2021 Legal Education Conference06.22.2021
- CALAPRS Virtual Attorneys’ Roundtable05.28.2021
- 2021 State Association of County Retirement Systems Annual Spring Conference05.13.2021
- Los Angeles County Employees Retirement Association Meeting04.14.2021, 05.05.2021
- San Diego County Employees' Retirement Association Meeting03.11.2021
- Nossaman’s 2020 Public Pensions & Investments Fiduciaries' Forum09.30.2020 - 10.02.2020
- Nossaman’s 2020 Public Pensions & Investments Fiduciaries' Forum09.30.2020 - 10.02.2020
- National Association of Public Pension Attorneys (NAPPA) 2020 Summer Webinar Series07.28.2020
- Nossaman Webinar05.07.2020
- CALAPRS Attorneys’ Roundtable02.07.2020
- CALAPRS Attorneys’ Roundtable02.07.2020
- CalPERS Board of Administration Fiduciary Training01.21.2020
- CalPERS & SACRS; Reciprocity, Do I Get It? Part 1 of 2: Legal, CalPERS Guest Panels at SACRSState Association of County Retirement Systems 2019 Fall Conference11.14.2019
- State Association of County Retirement Systems 2019 Fall Conference11.14.2019
- California Association of Public Retirement Systems Attorneys' Roundtable10.25.2019
- California Association of Public Retirement Systems' Administrator’s Institute09.27.2019
- Ventura County Employees' Retirement Association09.23.2019
- Nossaman's 2019 Public Pensions & Investments Fiduciaries' Forum09.05.2019
- Nossaman's 2019 Public Pensions & Investments Fiduciaries' Forum09.05.2019
- Nossaman's 2019 Public Pensions & Investments Fiduciaries' Forum09.05.2019
- Nossaman's 2019 Public Pensions & Investments Fiduciaries' Forum09.04.2019
- National Association of Public Pension Attorneys' 2019 Legal Education Conference06.26.2019
- State Association of County Retirement Systems 2019 Spring Conference05.09.2019
- State Association of County Retirement Systems 2019 Spring Conference05.07.2019
- National Association of Public Pension Attorneys' 2019 Winter Seminar02.20.2019
- California Association of Public Retirement Systems (CALAPRS) Attorneys’ Roundtable02.01.2019
- California Association of Public Retirement Systems Attorneys' 2019 Administrators' Roundtable01.25.2019
- 2018 California Public Employers Labor Relations Association (CalPELRA) Annual Training Conference12.06.2018
- Marin County Employees’ Retirement Association Retirement Board Fall Strategic Workshop10.30.2018
- Nossaman's 2018 Public Pensions and Investments Fiduciaries' Forum10.19.2018
- Nossaman's 2018 Public Pensions and Investments Fiduciaries' Forum10.18.2018
- California Association of Public Retirement Systems 2018 Administrators' Institute09.27.2018
- National Association of Public Pension Attorneys' 2018 Legal Education Conference06.29.2018
- National Association of Public Pension Attorneys' 2018 Legal Education Conference06.28.2018
- National Association of Public Pension Attorneys' 2018 Legal Education Conference06.27.2018
- The Rutter Group Seminar06.19.2018
- State Association of County Retirement Systems 2018 Spring Conference05.16.2018
- Board of Retirement Strategic Workshop, Marin County Employees’ Retirement Association04.18.2018
- Board of Retirement of the Marin County Employees’ Retirement Association04.18.2018
- California Association of Public Retirement Systems’ Attorneys’ General Assembly03.05.2018
- National Association of Public Pension Attorneys' 2018 Winter Seminar02.23.2018
- CalPERS Board of Administration Offsite Workshop01.18.2018
- Nossaman's 2017 Public Pensions & Investments Fiduciaries' Forum12.01.2017
- Nossaman's 2017 Public Pensions & Investments Fiduciaries' Forum11.30.2017
- State Association of County Retirement Systems 2017 Fall Conference11.17.2017
- State Association of County Retirement Systems 2017 Fall Conference11.14.2017
- Special Meeting of the Board of Retirement Kern County Employees’ Retirement Association11.03.2017
- California Association of Public Retirement Systems’ Attorneys’ Round Table10.27.2017
- California Retired County Employees Association 2017 Fall Conference10.23.2017
- California Association of Public Retirement Systems’ Principles of Pension Management for Trustees Conference08.28.2017
- National Association of Public Pension Attorneys' 2017 Legal Education Conference06.28.2017
- Law Seminars International: Public Records Act Litigation06.07.2017
- State Association of County Retirement Systems 2017 Spring Conference05.16.2017
- National Association of Public Pension Attorneys' 2017 Winter Seminar02.24.2017
- National Association of Public Pension Attorneys' 2017 Winter Seminar02.22.2017
- State Association of County Retirement Systems 2016 Fall Conference11.08.2016
- Nossaman's 2016 Public Pensions & Investments Fiduciaries' Forum10.27.2016
- National Council on Teacher Retirement’s 94th Annual Conference10.10.2016
- Oklahoma Pension Conference09.28.2016
- National Association of Public Pension Attorneys' 2016 Legal Education Conference06.23.2016
- California Public Employees’ Retirement System In-House Counsel06.17.2016
- State Association of County Retirement Systems 2016 Spring Conference05.10.2016
- Marin County Employees’ Retirement Association Board of Retirement Strategic Workshop03.16.2016
- California Association of Public Retirement Systems’ Attorneys’ General Assembly03.06.2016
- National Association of Public Pension Attorneys' 2016 Winter Seminar02.17.2016
- Central Basin Municipal Water District Board of Directors’ Workshop01.29.2016
- California Association of Public Retirement Systems’ Attorneys’ Round Table01.22.2016
- California Association of Public Retirement Systems’ Trustees Round Table02.06.2015
- California Association of Public Retirement Systems’ Attorneys’ Round Table01.23.2015
News
- 03.01.2025 | Variuous Media Outlets
- 09.23.2024 | Various News Outlets
- 08.15.2024 | Best Lawyers
- 08.13.2024 | Nossaman News Release
- 01.24.2024 | Law.com’s Employment Law News Alert
- 09.06.2023 | Daily Journal
- 09.21.2022 | Daily Journal
- 05.04.2022 | Daily Journal
- 08.06.2021 | Law360
- 11.30.2020 | Bond Buyer
- Ashley Dunning Discusses Impact of Alameda Decision, Appeals Courts Revisiting California Rule Cases10.02.2020 | Pensions & Investments
- 09.28.2020 | Bond Buyer
- 09.16.2020 | Daily Journal
Podcasts
- Cybersecurity Risk Management for Pension Plan Administrators: Tips for Staying Ahead of the Hackerson 08.02.2023
- on 03.16.2023
- on 02.15.2023
- on 10.20.2021
- on 07.07.2021
Organizations
Community & Professional
Equal Rights Advocates, Honorary Steering Committee
National Council on Teacher Retirement Corporate Advisory Committee, Representative, 2023-2026
National Association of Public Pension Attorneys, Emeritus Board Member
National Association of Public Pension Attorneys, Past President 2020, Executive Board Member, 2015-2021
State Association of County Retirement Systems, Program Committee
Nossaman Executive Committee Member, 2019-2025
Honors
Honors & Recognitions
Included in The Best Lawyers in America© for Employment Benefits (ERISA) Law, 2025
Named a "Top 100 Lawyer," Daily Journal, 2020, 2022, 2023
Recognized as one of the “Top Women Lawyers,” Daily Journal, 2016
McFetridge Inn of Court, San Francisco, 2000-2003
Urban Fellow, City of New York, 1991-1992
Nossaman Consults
Nossaman Consults
Through Nossaman Consults, our Pensions, Benefits & Investments Group provides consulting services to public, non-profit, university and private retirement and welfare plan administrators, private plan sponsors, sovereign wealth funds and other institutional investors.
Through Nossaman Consults, Ashley's recent service to the boards, committees and staff of these clients includes providing fiduciary governance training to the Employees Retirement System of Rhode Island.
Nossaman Consults Thought Leadership
Speaker, "Fiduciary Governance and Actuarial Funding of Employees’ Retirement System of Rhode Island," Employees Retirement System of Rhode Island Board Meeting, Warwick, RI, 12.18.2024
- UC Law San Francisco | (Formerly UC Hastings), J.D., 1996, cum laude; Order of the Coif, Thurston Society, International and Comparative Law Review, American Jurisprudence Awards in Property, Trial Advocacy, Judicial Administration and Professional Responsibility
- Yale University, B.A, 1991, cum laude, with Distinction in History, Yale President’s Award for Public Service
- California
- U.S. District Court, Central District of California
- U.S. District Court, Eastern District of California
- U.S. District Court, Northern District of California
- U.S. District Court, Southern District of California
- U.S. Supreme Court
- French
- Spanish