“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
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