“The Illinois Supreme Court ruled Thursday that the state cannot diminish or impair health insurance premium subsidies for retired state employees.
Government and union officials disagree about how the ruling, which says the subsidies are “a benefit of membership in a pension or retirement system” and as a result “are constitutionally protected from any diminishment or impairment,” will impact the state’s pending pension reform litigation, if at all. The law that enabled the state to charge retirees for insurance premiums was passed in 2012.” READ MORE
Title: “Illinois Supreme Court ruling could be omen for pension reform lawsuit”
Author: Meaghan Kilroy
Source: Pensions & Investments
Date Published: July 3, 2014