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The Public Employee Pension Transparency Act (2011 H.R. 567)

State and local governments traditionally provide employees with defined benefit pension plans, which guarantee a certain amount of retirement income for life. The economic downturn has impacted state and local government revenues and the costs associated with maintaining these plans. According to reports...

Florida Judge Sides Against State in Pension Case

A Florida circuit court ruled last week that Gov. Rick Scott (R) and Republican legislative leaders' decision last year to cut public employee salaries to offset the state's contribution to their pension fund was an unconstitutional breach of contract. "The 2011 Legislature, when...

Detroit's Bankruptcy: the Pension Issue

Judge Rhodes ruled yesterday that the city's bankruptcy can proceed. He also ruled that the state constitutional provision that protects state employees' pensions from being diminished or impaired is preempted by federal law. Appeals will be filed, but the bankruptcy will move forward. Judge...