2014 May

Alabama — Increased Employee Contribution

Posted by Leila Walsh in - -View All States - - on May 23, 2014 with No Comments

Law:

HB 414 (June 2011)

Type of reform:

The bill increased contributions for state judges from 6 percent to 8.5 percent. Read more…

Arizona — Increased Employee Contribution

Posted by Leila Walsh in - -View All States - - on May 22, 2014 with No Comments

Law:

SB 1614 (April 2011)

Type of reform: 

The bill increased the employee contribution to the pension plan.

Case:  

Barnes v. Arizona State Retirement System, No. CV-2011-011638 (Superior Court of Arizona, Maricopa County, Judge Eileen S. Willett) (filed July 13, 2011) Read more…

Arizona — Increased Employee Contribution, Reduced COLAs

Posted by Leila Walsh in - -View All States - - on May 22, 2014 with No Comments

Law:

SB 1609 (April 2011)

Type of reform:

The bill increased employee contribution rates from 7 percent to 10 percent and altered the formula for calculating the cost-of-living adjustments (COLAs) to reduce the previous 4 percent annual increase.
Read more…

California — Increased Employee Contribution, Changed Final Salary Calculation, Eliminated Spiking

Posted by Leila Walsh in - -View All States - - on May 22, 2014 with No Comments

Law:

AB 340 and trailer AB 197 enacting California Public Employees’ Pension Reform Act of 2013 (PEPRA) (January 2013)

Type of reform: 

PEPRA amended Government Code section 31461, a provision of the County Employees Retirement Law to fundamentally change the manner in which public pensions are calculated. PEPRA reduced employer contributions, increased employee contributions, and restricted final pay to wages—excluding in-kind payments, accrued unused vacation, and overtime. Specifically, the legislation prohibited the use of standby pay, administrative response pay, callback pay, cash payments for waiving health insurance, vacation, and other pay items from the calculation of members’ final compensation for the purposes of calculating pensions.
Read more…

California (San Diego) — Changed Final Salary Calculation, Increased Employee Contribution, Plan Conversion

Posted by Leila Walsh in - -View All States - - on May 22, 2014 with No Comments

Ballot initiative:

Proposition B (June 2012)

Type of reform:

The law froze pay levels used to determine final average pay, required a defined contribution plan for most new employees, and required substantially equal contributions from employees and employers. Read more…

California (San Jose) — Increased Employee Contribution, Benefits Reduction, and COLA Suspension

Posted by Leila Walsh in - -View All States - - on May 21, 2014 with No Comments

Ballot initiatives:

Resolution No. 76087 (December 6, 2011)

Resolution No. 76158  (March 2012)

Type of reform: 

The resolutions allowed pension reform, increased employee contributions, established pension cost and benefit reductions for new employees, and suspended cost-of-living adjustments (COLAs). Read more…

California (San Jose) — Increased Employee Contribution, Reduced COLAs, Plan Conversion

Posted by Leila Walsh in - -View All States - - on May 20, 2014 with No Comments

Ballot initiative:

Measure B  (June 2012)

Type of reform:

The law raised employee contribution rates to pay for unfunded liabilities, lowered cost-of-living adjustments (COLAs) for retirees, changed the definition of “disability pension,” and created a “voluntary election program” that allows employees to opt-in to a lower level of benefits for a lower contribution rate. Read more…

California (Pacific Grove) — Limited Employer Contributions

Posted by Leila Walsh in - -View All States - - on May 19, 2014 with No Comments

Ballot initiative:

Measure R (November 2010)

Type of reform: 

The measure placed a limit of 10 percent on employer contributions and provided that employees have no vested right to retirement benefits. Read more…

California (Pacific Grove) — Reduced Benefits

Posted by Leila Walsh in - -View All States - - on May 17, 2014 with No Comments

Law:

A voter initiative filed in 2012 sought to eliminate a police pension increase made by Ordinance 02-18 (2002).

Type of reform:

Ordinance 02-18 was a 3 percent at 50 plan, which allowed employees to retire at age 50 and receive an annual pension benefit equal to 3 percent times the number of years worked, times final salary. The salary paid to the employee after retirement was determined by the retirees’ years of employment and increased 3 percent for every year of service. The initiative alleged that the ordinance had been illegally enacted because it was premised upon faulty information and without appropriate disclosure and cost analysis. Read more…

Colorado — Reduced COLAs

Posted by Leila Walsh in - -View All States - - on May 16, 2014 with No Comments

Law:

SB 10-001  (February 2010)

Type of reform:

The law reduced cost-of-living adjustments (COLAs) for current retirees. Read more…

Florida — Increased Employee Contribution, Suspended COLAs

Posted by Leila Walsh in - -View All States - - on May 15, 2014 with No Comments

Law:

SB 2100 (May 2011)

Type of reform:

The bill increased the contribution for employees by 3 percent and suspended cost-of-living adjustments (COLAs).

Case: 

Williams v. Scott, No. 2011-CA-1584, Circuit Court of the 2nd Judicial Circuit, Leon County, Judge Jackie L. Fulford (filed June 20, 2011) Read more…

Florida (Miami) — Reduced Benefits

Posted by Leila Walsh in - -View All States - - on May 13, 2014 with No Comments

Law:

Ordinance 10-10901 (August 2010)

Type of reform:

The ordinance reduced pension benefits and salaries.  Read more…

Florida (Miami Beach) — Increased Retirement Age, Reduced Benefits

Posted by Leila Walsh in - -View All States - - on May 13, 2014 with No Comments

Laws:  

Florida Statute 166.021(4) requiring a voter referendum to make charter changes affecting employee rights and Florida Statute 447.309(3) allowing modification upon agreement by the city’s electors

Type of reform:

The statutes lowered future accruals and raised the retirement age. Read more…

Georgia (Atlanta) — Increased Employee Contribution, Plan Conversion, Increased Retirement Age

Posted by Leila Walsh in - -View All States - - on May 11, 2014 with No Comments

Law:

2011 amendment (Ordinance 11-0-0672) to the defined benefit pension plan (June 2011)

Type of reform: The amendment requires active employees to contribute an extra 5 percent of their compensation to keep their existing benefits with no other changes. Read more…

Idaho — Repealed Early Retirement Incentive

Posted by Leila Walsh in - -View All States - - on May 9, 2014 with No Comments

Law:

SB 1108 (March 2011)

Type of reform:  

The bill repealed the early retirement incentive for teachers and provided that all collective bargaining agreements would expire on June 30, 2011. Read more…

Illinois — Changed Final Salary Calculation

Posted by Leila Walsh in - -View All States - - on May 9, 2014 with No Comments

Law:

HB 3813  Public Act 97-0651 (January 2012)

Type of reform

The bill limited state employees’ ability to take a leave of absence to work for a labor union in order to receive a higher pension based on their union salaries rather than their previous public employment salaries. Read more…

Illinois — Reduced COLAs

Posted by Leila Walsh in - -View All States - - on May 7, 2014 with No Comments

Law:

Public Act 98-0599 (December 2013)

Type of reform: 

The legislation ties payments of cost-of-living adjustments (COLAs) to actual inflation, creates pauses of up to five years as to when those COLAs are funded, and raises the retirement age for workers age 45 and under. Read more…

Louisiana — Plan Conversion

Posted by Leila Walsh in - -View All States - - on May 5, 2014 with No Comments

Law: 

HB 61 (June 2012)

Type of reform: 

The bill established a cash balance plan for the Louisiana State Employees’ Retirement System, the Teachers’ Retirement System of Louisiana, and the Louisiana School Employees’ Retirement System. It also required 8 percent of an individual’s salary be contributed to the cash balance plan and for the member’s account to be credited with 12 percent of the member’s monthly pay, including all employee contributions.

Case:

Retired State Employees Association v. State of Louisiana, No. 614675 (19th Judicial District Court in Baton Rouge, Judge William Morvant) (filed Aug. 16, 2012)  Read more…

Pensionlitigation x DressHead Pencil Lace Bodice Dress

Posted by Leila Walsh in States on May 5, 2014 with Comments Off on Pensionlitigation x DressHead Pencil Lace Bodice Dress

Pensionlitigation x DressHead Pencil Lace Bodice Dress – Bardot Neckline/Bodycon
This pencil lace dress inspired by pensionlitigation x http://www.dresshead.com/c/lace-dresses/ looks great because it is bodycon and it will huge each and every one of your curves. The straps on this dress will be stretch so that you do not have to worry about them falling down. They will always give you the hold you are looking for. This dress will zip up the back so that the sheer top, covered with lace, can always be seen and visible. The dress will stop at the knees and if you would like to draw attention to your long legs then you should consider a nice ankle bracelet. Simple is better because this dress speaks for itself. This is a must have if you would like something that stands out and that will keep others talking when you leave.

Massachusetts — Changed Final Salary Calculation

Posted by Leila Walsh in - -View All States - - on May 5, 2014 with No Comments

Law:

SB 2079 (June 2009)

Type of reform:  

The bill redefined compensation and wages to include only those wages actually earned by the employee and established that, in the event of pension benefits granted for an injury, the compensation used to calculate such benefits should be based on the average annual rate of the individual’s regular compensation during the 12 months prior to the sustained injury. Read more…

Maryland (Baltimore) — Reduced COLAs

Posted by Leila Walsh in - -View All States - - on May 2, 2014 with No Comments

Law: 

Ordinance 100-306 (June 2010) (available through Baltimore archives)

Type of reform: 

The ordinance reduced annual cost-of-living adjustments (COLAs). Read more…

Maine — Reduced COLAs

Posted by Leila Walsh in - -View All States - - on May 2, 2014 with No Comments

Law:

LD 1043  (June 2011)

Type of reform:

The law reduced annual cost-of-living adjustments (COLAs). Read more…

Michigan — Increased Employee Contribution, Plan Conversion, Changed Final Salary Calculation

Posted by Leila Walsh in - -View All States - - on May 2, 2014 with No Comments

Law:

HB 4701, Public Act 264 (December 2011)

Type of reform:  

The bill offered employees the option of raising their contribution for the defined benefit plan or converting to a defined contribution plan; moved new or non-vested employees to a defined contribution plan; replaced retiree health insurance for new employees with a 401(k)-style plan; and excluded overtime pay in calculating benefits. Read more…

Michigan — Income Tax Exemption

Posted by Leila Walsh in - -View All States - - on May 2, 2014 with No Comments

Law:

HB 4361, Public Act 38 (May 2011)

Type of reform:  

Previously, all public pension distributions were deductible from Michigan state income tax. The bill phases out the personal income tax exemption for retirement income (i.e., pension distributions) based on birthdate and income level. Read more…

Michigan — Increased Employee Contribution, Plan Conversion

Posted by Leila Walsh in - -View All States - - on May 1, 2014 with No Comments

Law: 

SB 1040 / Public Act 300 (September 2012)

Type of reform:  

The legislation in part responded to a 2010 statute that required public school employees to contribute 3% of their salaries for a retirement healthcare plan.  2012 Public Act 300 enabled current public school employees to opt out of the retiree healthcare plan and avoid paying the requisite 3% contribution for the healthcare plan, and permitted those employees who did not qualify for the healthcare to have a separate retirement allowance.  Additionally, the legislation changed the Michigan pension benefit plans by requiring public school employees to choose from among the following: an increase in their employee contribution, a lesser pension, or a freeze of their defined benefit pension and a switch to a defined contribution plan for future accruals.

Read more…

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