Colo. Retirees Say Pension Cutbacks Unconstitutional

Law360, New York (February 26, 2010, 4:15 PM EST) -- A putative class action that could include 100,000 retirees was filed against the state of Colorado on Friday, alleging a new law that cuts back on pension benefits violates the contract clauses of both the U.S. and state constitutions and will cost retirees millions.

Named plaintiffs Gary Justus and Kathleen Hopkins filed the lawsuit in state court in Denver, naming Colorado, the Public Employees Retirement Association of Colorado, Gov. Bill Ritter, and the chair and vice chair of the PERA Board of Trustees as defendants....
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