Pension Litigation Summary (April 2013)
In light of looming deficits, states and municipalities across the country are taking steps to reform their pension systems. While some reforms are relatively modest, a few jurisdictions have enacted comprehensive reforms that aim to solve their pension problems permanently. Enacted reforms generally have addressed the following: cost-of-living adjustments, increases in retirement age and contribution rates, and establishment of defined contribution, cash balance and hybrid plans. Once reforms occur, however, they are often challenged in the courts. This review represents a centralized resource that monitors the lawsuits and court decisions currently challenging public pension reform.