Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Plan Compliance Analyst (Administrator)


RPA logo

Retirement Plan Analyst/Administrator

Compensation Strategies Group, Ltd.
(Remote / Beaumont TX)

Compensation Strategies Group, Ltd. logo

Education Consultant

(Remote / Putnam Valley NY)

Pentegra logo

Retirement Plan Administrator

Nicholas Pension Consultants
(Remote / Corona CA / Rancho Cordova CA)

Nicholas Pension Consultants logo

Quality Assurance Manager

Nova 401(k) Associates

Nova 401(k) Associates logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

<< Previous news item   |   Next news item >>

Illinois Supreme Court Affirms Constitutional Protection of Public Pensions (PDF)
Alston & Bird LLP, via Benefits Law JournalLink to more items from this source
Oct. 30, 2015

"The state's principal argument ... was that a budgetary crisis necessitated the modifications to the pension benefits, thus trumping the protections afforded by the pension protection clause. The state argued that its exercise of the police power was reasonable and necessary in light of the dramatic squeeze on the state's finances due to the recent recession, the poor condition of the economy, and the deterioration of the state's credit rating. In a 7-0 opinion, the court forcefully rejected that defense." [In re Pension Reform Litigation, No. 118585 (Ill. May 8, 2015)]

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2022, Inc.