Two former public employees filed a class-action lawsuit against the state challenging pension legislation that state lawmakers passed at the end of the 2010 legislative session. The legislation was intended to shore up the pension funds by reducing future increases paid out to retirees until the funds recover from deep unfunded liabilities. The case known as
Hello
Archives for June, 2011
Feds to Consumers: We’ll be Only Somewhat Draconian
A legal challenge to price controls on debit card interchange fees has fallen flat. The Star-Tribune (“TCF v. Bernanke? Bernanke wins again“) reports that TCF has lost a legal challenge to the Durbin Amendment. A U.S. appeals court in South Dakota Wednesday rejected TCF Financial Corp.’s effort to block the law with an injunction. The bank [...]
tags: Durbin Amendment
Recommended Early Summer Reading
Here is an excellent discussion of public pensions and the state budget from our friends at the Minnesota Taxpayer’s Association. Enjoy!
category: Blog Posts
