Rhode Island city had been sued for suspending police, firefighter COLAs.
Tag: Supreme Court
Government estimates rectifying age discrimination will add approximately £4 billion per year to plan liabilities from 2015.
Lower court rulings involving an automotive, mineworkers’ pensions maintained.
Question is: Can plan beneficiaries sue over risky asset allocations, despite the plan’s return to full funding?
Lawsuit against Intel claims company plans included overly risky investments.
Supports SEC in allowing agency to hold individuals liable even if they did not make a statement deemed fraudulent.
Despite the ruling, the court sidestepped a much larger issue, whether core pension benefits promised at the time of hire for public workers can be changed.
But the court might rule on a narrower issue, continuing the controversy over whether the benefits promised employees are fixed for life.
As the state Supreme Court mulls whether to reinstate the new Republican pension law, the party’s lawmakers look for a Plan B if they lose.
Decision could cost the city millions in creating retroactive pensions.