Sunday, August 24, 2014

Appeals Court Ruling in Maryland Favorable for Illinois

“The U.S. Court of Appeals for the Fourth Circuit upheld a major reform made to Baltimore's police and firefighter pension plan on Wednesday, shedding light on how judges may view the recent raft of changes in public retirement funds around the country.

The court vacated a previous decision that the reform had violated the U.S. Constitution's contract clause, and also decided the change was permissible under Maryland's state constitution…” READ MORE

Tile: "U.S. appeals court says Baltimore pension reform legal"
Author: Lisa Lambert
Source: Reuters
Date Published: August 6, 2014

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