State Troopers Sue Neb. Officials Over New Pension Costs

Law360, New York (December 21, 2011, 7:29 PM EST) -- Nebraska officials were hit Monday with a suit brought by hundreds of state patrol troopers challenging state legislation that has upped the percentage employees must contribute to their pension plans, claiming the increases violated their employment contracts.

More than 400 current and retired state troopers filed a suit in Nebraska federal court against Gov. Dave Heineman, state Department of Administrative Services Director Carlos Castillo, state Treasurer Don Stenberg and former state Treasurer Shane Osborn.

The suit claims the state troopers have a have a vested contract right...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.