John Paul Putney

John Paul Putney

Jones Day

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Kentucky Court Holds That Public Pension Plan Beneficiaries Lack Standing to Sue

A lower court's decision to allow beneficiaries of Kentucky's Public Retirement System to sue administrators and advisors over fiduciary responsibilities is overturned....more

5/7/2019  /  Aiding and Abetting , Appeals , Breach of Duty , Civil Conspiracy , Employee Benefits , Fiduciary Duty , KY Supreme Court , Pensions , Public Pension , Standing

Pennsylvania Pension Review Commission Recommends Overhaul To Public Plans' Investments And Structure

The Situation: The Pennsylvania Legislature passed Act 5 in 2017, which, among other things, created the Pennsylvania Public Pension Management and Asset Investment Review Commission ("Commission"). The Commission was...more

2/11/2019  /  Compensation & Benefits , Employee Benefits , Investment Adviser , Pensions , Public Employees , Public Pension , Retirement Plan , State and Local Government

Novel Suit by Kentucky Pension Beneficiaries Continues

A Kentucky court decided in favor of the beneficiaries of Kentucky's Public Retirement System by striking down a motion to dismiss their suit, which alleges that administrators and their advisors breached their fiduciary...more

12/21/2018  /  Aiding and Abetting , Breach of Duty , Civil Conspiracy , Employee Benefits , Fiduciary Duty , Motion to Dismiss , Pensions , Public Pension
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