News & Analysis as of

Pensions State and Local Government

Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor (4/9)

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Pritzker signs Illinois trade agreement with the United Kingdom - “Illinois Gov. JB Pritzker has signed a trade agreement with the United Kingdom, in addition to an agreement with the State of Mexico signed last week, in an...more

Bricker Graydon LLP

Social Security Fairness Act Restores Social Security Benefits to Eligible Public Employees

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On January 5, 2025, Former President Biden signed the Social Security Fairness Act (SSFA), H.R. 82, into law. The SSFA, which garnered bipartisan support in Congress, repeals certain provisions of the Social Security Act that...more

McGuireWoods Consulting

Gov. J.B. Pritzker Proposes Illinois 2026 Fiscal Year Budget

On Feb. 19, 2025, Gov. J.B. Pritzker gave his annual State of the State and budget address. He outlined priorities for the state of Illinois in fiscal year 2026 while highlighting the state’s fiscal successes under his...more

Faegre Drinker Biddle & Reath LLP

You Can’t Have Your Cake and Eat it, Too

On July 7, 2023, the U.S. District Court for the Northern District of Alabama issued a ruling in Perfection Bakeries Inc. v. Retail Wholesale & Dep’t Store Int’l Union & Indus. Pension Fund, ordering Perfection Bakery, Inc....more

Allen Matkins

Godot Is Still Waiting . . .

Allen Matkins on

Last month, the Securities and Exchange Commission announced that it was proposing a new rule under the Exchange Act.  In an accompanying "fact sheet", the SEC said that it was doing so "to increase transparency and...more

Allen Matkins

The Cost Of Justice In Nevada

Allen Matkins on

In February, I penned this post about some of Nevada's historic rural courthouses.  Recently, I visited Goldfield, Nevada.  Although Goldfield is the county seat of Esmeralda County, it has no gas station and no supermarket. ...more

Downs Rachlin Martin PLLC

Vermont Legislative Update 02-07-2020 - An analysis from DRM's Government & Public Affairs Team

Underfunded pension liabilities get needed attention The topic of Vermont’s overwhelming state employee and teachers’ pension burdens rears its head on occasion, but legislators quickly move on to challenges more easily...more

Nossaman LLP

California Court of Appeal Rejects Time-Barred Challenge to Sonoma County’s 2002 Grant of Enhanced Retirement Benefits

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On December 12, 2019, the California Court of Appeal for the First Appellate District handed down a unanimous decision in Luke v. County of Sonoma, Sonoma County Employees’ Retirement Association, et al., affirming the...more

Seyfarth Shaw LLP

The Week in Weed: December 2019

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Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. New Jersey is talking about decriminalizing marijuana. Regular readers will doubtless recall that legalization...more

Pullman & Comley, LLC

Best Practices for Municipal Retirement Plans

Pullman & Comley, LLC on

- Create a Plan Document... - Do not rely solely on special acts, ordinances, or collective bargaining agreements... - Reflect collectively bargained provisions... - Update contemporaneously to reflect changes in...more

Best Best & Krieger LLP

Take Care When Cost-Sharing Under CalPERS

With overall required contribution rates increasing at an alarming rate, most CalPERS employers – particularly those with significant “classic” safety populations – are looking for help to pay for these obligations....more

Best Best & Krieger LLP

CalPERS Board Decision on Contract Workers Will Not Become Precedential. Now What? - Contract Workers May Still Be Reclassified as...

The CalPERS Board of Administration will not consider whether to establish the Tracy Fuller decision as a CalPERS precedent, we have confirmed. While the decision to not pursue Fuller as a precedential decision is welcome...more

Franczek P.C.

Illinois Supreme Court: IFT Lobbyist Entitled to TRS Pension for One Day of Substitute Teaching

Franczek P.C. on

In a split decision issued earlier this month, a majority of the Illinois Supreme Court held that a career lobbyist for the Illinois Federation of Teachers (IFT) union who worked one day as a substitute teacher could receive...more

Faegre Drinker Biddle & Reath LLP

The Illinois Policy Landscape: Significant Proposals in 2019

As baseball season gets underway, we’re reminded that you can’t tell the players without a scorecard. In Illinois, with a new Governor inaugurated in January and a mountain of fiscal challenges, you might say that you can’t...more

Best Best & Krieger LLP

California Supreme Court Rules in Cal Fire Case – Round One Goes to the Legislature, But It Ain’t Over

The California Supreme Court recently issued its decision in the Cal Fire Local 2881 v. CalPERS case – the first of six so-called “California Rule” (“Vested Pension Rights”) cases pending before the Court. The California...more

Best Best & Krieger LLP

California Supreme Court Decides Cal Fire Narrowly - Option to Purchase Airtime is Not a Vested Right

As expected, the California Supreme Court affirmed the appellate court’s holding in Cal Fire Local 2881 v. California Public Employees’ Retirement System et al., concluding that the plaintiffs did not have a vested right to...more

Jones Day

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

Jones Day on

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

Bricker Graydon LLP

The not-so lame duck session: Last minute legislation affecting Ohio schools

Bricker Graydon LLP on

“Lame Duck” is the period in a public office after an election but before the successor takes office, leaving, presumably, the exiting public official with no particular power or influence. ...more

Jones Day

Pennsylvania Pension Review Commission Releases Final Report

Jones Day on

The Pension Review Commission has determined its recommendations to improve the management and performance of the state’s largest public pension systems A Pennsylvania commission—tasked with evaluating and making...more

McGuireWoods Consulting

South Carolina Legislative Session Preview

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V.C. Summer Abandonment - On July 31, 2017, South Carolina Electric and Gas (SCE&G) and the state’s Public Service Authority (Santee Cooper) announced the abandonment of the construction of two unfinished nuclear reactors...more

Nossaman LLP

California Supreme Court Announces Date for Oral Argument in the First of Its Five Pending Vested Rights Cases

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In a much awaited announcement, on November 8, 2018, the California Supreme Court scheduled oral argument in CalFire Local 2881, et al. v. CalPERS, et al., which is the first of the five pending vested rights cases that are...more

Best Best & Krieger LLP

CalPERS Employers Dodge A Bullet - SB 1124 Would Have Imposed Statutory Liability For Errors In Calpers Reporting

Gov. Jerry Brown vetoed legislation that would have imposed significant liability on CalPERS employers for errors in their CalPERS reporting which result in post-retirement pension reductions....more

Franczek P.C.

2018 Springfield Legislative Update: Summary of New Legislation & Pending Bills

Franczek P.C. on

The following is a summary of the 2018 legislative changes affecting school districts. ...more

Best Best & Krieger LLP

70 Years of Pension Precedent Could Soon Be Weakened by the California Supreme Court - Isabel Safie Provides Insight Into Lawsuits...

It’s a big litigation year for California pensions. The California Supreme Court ruled last month that San Diego’s landmark pension cutback legislation, Proposition B, was illegally placed on the 2012 ballot because city...more

Nossaman LLP

California Court of Appeal Upholds Application of PEPRA to Judges Who Were Elected Before, But Assumed Office After, PEPRA Took...

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In the latest state appellate decision addressing the constitutionality of the California Public Employees’ Pension Reform Act of 2013 (“PEPRA”) and other recent pension reform legislation, Division One of the First District...more

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