Public pension cuts upheld by Sixth Circuit—again
A firefighter and a police officer challenging reduced cost-of-living adjustments in their public pension benefits lost their appeal to the U.S. Court of Appeals for the Sixth Circuit (Puckett v. Lexington-Fayette Urban Cty. Gov't, 6th Cir., No. 15-06097, 8/15/16 ).
The Sixth Circuit on Aug. 15 upheld a Kentucky municipal pension plan's attempt to weather financial difficulties by reducing the annual cost-of-living adjustments (COLAs) received by pensioners. The court issued a similar opinion on Aug. 12,affirming COLA cuts made by the Tennessee Valley Authority Retirement System.
To read the full article, click here.