2018 February

Rhode Island (Cranston) – Increased Retirement Age, Reduced COLA, Changed Final Salary Calculation

Posted by StuartBuck in Changed Final Salary Calculation on February 12, 2018 with Comments Off on Rhode Island (Cranston) – Increased Retirement Age, Reduced COLA, Changed Final Salary Calculation


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…

Ohio — Suspended COLA

Posted by StuartBuck in Ohio on February 6, 2018 with Comments Off on Ohio — Suspended COLA

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…

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