Rhode Island Retirement Security Act of 2011 (“RIRSA”) and amendments instituted in 2015 per settlement (“2015 Amendments”)
Type of reform:
RIRSA Instituted minimum retirement age of 55, increased the minimum number of years of service, reduced pension accrual, altered the calculation for final compensation so that it was less favorable for retirees.
Cranston Firefighters, IAFF Local 1363, AFL-CIO, et. al v. Gina Raimondo et. al, Case No. 16-cv-130 ML (D.R.I. March 16, 2016, Judge Mary Lisi). Read more…
Law: On Oct. 9, 2017, the Ohio Schools Educational Retirement System (“SERS”) voted to freeze all cost of living adjustments for all retirees for a period of three years.
Type of reform: Cost of Living Adjustment (COLA) suspension
Case: Ohio Association of Public School Employees et. al v. State Educational Retirement System et. al (Case No. 18CV000891, Franklin County Court of Common Pleas) (filed Jan. 29, 2018). Read more…