As we discussed in our previous Alerts, "Novel Suit by Kentucky Pension Beneficiaries Continues" and "Kentucky Court Holds That Public Pension Plan Beneficiaries Lack Standing to Sue," beneficiaries of Kentucky's public...more
7/20/2020
/ Defined Benefit Plans ,
Employee Benefits ,
Fiduciary Duty ,
Injury-in-Fact ,
Investment Management ,
KY Supreme Court ,
Motion to Dismiss ,
Pensions ,
Public Pension ,
Standing ,
State Attorneys General
The Situation: The Pennsylvania Legislature passed Act 5 in 2017, which, among other things, created the Pennsylvania Public Pension Management and Asset Investment Review Commission ("Commission"). The Commission was...more
The Pension Review Commission has determined its recommendations to improve the management and performance of the state’s largest public pension systems
A Pennsylvania commission—tasked with evaluating and making...more
A Kentucky court decided in favor of the beneficiaries of Kentucky's Public Retirement System by striking down a motion to dismiss their suit, which alleges that administrators and their advisors breached their fiduciary...more