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Pensions COLA

K&L Gates LLP

Illinois Supreme Court Holds Public Pension Cutbacks Unconstitutional

K&L Gates LLP on

The national debate on public pension plans shifted to the State of Illinois this month. On the heels of the Oregon Supreme Court’s decision in Moro v. State of Oregon (see K&L Gates Client Alert: Changing the Rules in the...more

K&L Gates LLP

Changing the Rules in the Middle of the Game: Oregon Supreme Court Allows Prospective Modifications to Public Pension Benefits

K&L Gates LLP on

The national debate on public pension plans is beginning to resonate in the court system. On April 30, 2015, the Oregon Supreme Court ruled on the constitutionality of two legislative amendments that modified certain benefits...more

Franczek P.C.

Illinois Supreme Court Rules Pension Reform Unconstitutional

Franczek P.C. on

On Friday, the Illinois Supreme Court ruled that pension reform legislation passed in 2013, commonly referred to as Senate Bill 1, violates the pension protection clause of the Illinois Constitution. The Court upheld a...more

Pullman & Comley, LLC

IRS Announces Cost of Living Adjustment (COLA) Limits for 2015 Applicable to Retirement Plans

Pullman & Comley, LLC on

The Internal Revenue Service has announced the cost of living adjustments (COLA) applicable to dollar limitations for retirement plans for 2015. Several of the limits that currently apply to the 2014 plan year will change for...more

Best Best & Krieger LLP

Court's Tentative Decision on San Jose's Pension Reform Measure Appears to Favor City

However, the Vested Rights Doctrine Proves Fatal to Core Pension Reform Measures - A tentative decision on the legal challenges to the City of San Jose’s pension reform measure, Measure B, was released late last month....more

Ogletree, Deakins, Nash, Smoak & Stewart,...

IRS Announces COLA Increases for Dollar Limitations on Benefits and Contributions

On October 31, 2013 the Internal Revenue Service (IRS) announced the cost-of-living adjustments impacting tax-qualified pension plans for 2014. Increases were not made to the individual limits on deferrals and catch-up...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

IRS Announces COLA Increases for Dollar Limitations on Benefits and Contributions

On October 18, 2012 the Internal Revenue Service (IRS) announced the cost-of-living adjustments (COLA) impacting tax-qualified pension plans for 2013....more

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