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Federal District Court Dismisses City of Providence Claim That Buck Consultants Miscalculated COLA Savings
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Nov. 19, 2015
"A U.S. district court has dismissed a lawsuit in which the city of Providence, Rhode Island, claimed a miscalculation by Buck Consultants caused it to miss out on cost savings for its pension plan by leading it to settle a lawsuit with a union and retirees. The city [had alleged] that Buck overestimated the amount the city would save by suspending cost-of-living adjustments (COLAs) for the city's pension plan[.]" [City of Providence v. Buck Consultants, No. 13-131 (D.R.I. Nov. 13, 2015)]
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