Thursday, February 20, 2014

More Sue to Overturn Pension Reform Law

"A coalition of public worker labor unions filed a lawsuit on Tuesday seeking to overturn a new Illinois law aimed at reducing a $100 billion unfunded pension liability.

The class-action lawsuit, filed by the We Are One Illinois coalition in Sangamon County Circuit Court in the state capital of Springfield, claims the law violates the Illinois Constitution, which stipulates that public worker pensions are contracts that the state cannot diminish or impair." READ MORE

Title: UPDATE 1 - Union group sues to overturn Illinois pension reform law"
Author: N/A
Source: Reuters
Date Published: January 28, 2014

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