Estate and Elder Law

Recent Posts

Ballard Spahr LLP: New Pension Funding Interest Rates Require Employer Action
Posted on 20 Jul 2012 by Ballard Spahr LLP

By Brian M. Pinheiro and Samantha E. McMillan On Friday [July 6th], President Obama signed the Moving Ahead for Progress in the 21st Century Act (H.R. 4348), which makes significant changes in pension law, including pension funding stabilization... Read More

Pension and Postretirement Benefit Accounting
Posted on 30 May 2012 by Donald Resseguie

Pension and postretirement benefits represent a significant cost to employers. The Financial Accounting Standards Board has specified that postretirement benefits are a form of deferred compensation. FASB concluded that the obligation to provide postretirement... Read More

State Net Capitol Journal: FL Judge Sides against State in Pension Case
Posted on 12 Mar 2012 by State Net

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... Read More

State Net Capitol Journal: Pension Reforms Gain Necessary Traction in States and Cities
Posted on 23 Jul 2012 by State Net

The specter of unfunded pension liabilities is haunting U.S. state and local government. These liabilities were an underlying factor in recent municipal bankruptcies in California. They hover over Pennsylvania, which is pondering pension reform while... Read More

State Net Capitol Journal: Will pension reform save California cities from themselves?
Posted on 6 Sep 2012 by State Net

California Gov. Jerry Brown (D) made public employee pension reform a benchmark of his 2012 agenda. For most of this year, however, his Democratic colleagues met his call with a pronounced lack of enthusiasm. But with the session winding down to its final... Read More

State Net Capitol Journal: WV Commits to Paying Down Pension Debt
Posted on 29 Mar 2012 by State Net

West Virginia's unfunded pension liability - estimated at $10 billion last year - is one of the highest per capita in the nation. But the state became a standout on the issue in a very different way last month when lawmakers approved legislation proposed... Read More

State Net Capitol Journal: WV Commits to Paying Down Pension Debt
Posted on 29 Mar 2012 by State Net

West Virginia's unfunded pension liability - estimated at $10 billion last year - is one of the highest per capita in the nation. But the state became a standout on the issue in a very different way last month when lawmakers approved legislation proposed... Read More

State Net: Brown Pitches Major CA Pension Overhaul
Posted on 14 Nov 2011 by State Net

California Gov. Jerry Brown (D) has proposed a 12-point plan to reform public employee pensions in the Golden State. Brown says he wants to put his proposal before voters in November 2012. The linchpin of Brown's plan would involve moving... Read More

State Net Capitol Journal: Helping Workers Help Themselves
Posted on 18 Jun 2012 by State Net

When Dr. Dena Davidson graduated from the University of California, Berkeley School of Optometry in 1995, her expectations were pretty reasonable. "I knew being an optometrist was not going to make me rich," she says. "But I felt I would... Read More

State Net Capitol Journal: Pension Reform Hottest Hot Issue in Statehouses This Year
Posted on 16 Jul 2012 by State Net

Legislation pertaining to pensions has been introduced this year in every state but six - Arkansas, Montana, Nevada, North Dakota, Texas and Wisconsin - according to data compiled by State Net. And although pension measures have failed in 32 states, they've... Read More

State Net Capitol Journal: Courts Reject Ambitious Pension Reforms
Posted on 21 Feb 2012 by State Net

A pair of district courts have ruled that recent public pension reforms in Arizona and New Hampshire boosting the share current workers must contribute toward their retirement are unconstitutional. The courts ruled that both states broke their contracts... Read More

State Net: Brown Pitches Major CA Pension Overhaul
Posted on 14 Nov 2011 by State Net

California Gov. Jerry Brown (D) has proposed a 12-point plan to reform public employee pensions in the Golden State. Brown says he wants to put his proposal before voters in November 2012. The linchpin of Brown's plan would involve moving future... Read More

State Net Capitol Journal: Courts Reject Ambitious Pension Reforms
Posted on 21 Feb 2012 by State Net

A pair of district courts have ruled that recent public pension reforms in Arizona and New Hampshire boosting the share current workers must contribute toward their retirement are unconstitutional. The courts ruled that both states broke their contracts... Read More

State Net Capitol Journal: Pension Reforms Gain Necessary Traction in States and Cities
Posted on 23 Jul 2012 by State Net

The specter of unfunded pension liabilities is haunting U.S. state and local government. These liabilities were an underlying factor in recent municipal bankruptcies in California. They hover over Pennsylvania, which is pondering pension reform while... Read More

State Net Capitol Journal: Helping Workers Help Themselves
Posted on 18 Jun 2012 by State Net

When Dr. Dena Davidson graduated from the University of California, Berkeley School of Optometry in 1995, her expectations were pretty reasonable. "I knew being an optometrist was not going to make me rich," she says. "But I felt I would... Read More