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Illinois Supreme Court Strikes Down Attempted Pension Reform

On November 29, 2018, the Illinois Supreme Court unanimously declared two recent changes in Public Act 97-651, impacting the calculations for some pension plans, to be unconstitutional.[1]In Carmichael v Laborers’ & Retirement Board Employees’ Annuity & Benefit Fund of Chicago, the Court was forced to decide whether these recent amendments, which modified the calculation of …

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