Posted by Barton Lorimor (@bartonlorimor)
* Check out this resolution that was recently approved by the SERS Board of Trustees…
(1) express our concerns about the serious implementation issues SERS faces as we struggle to prepare for the effective date of the new pension law and for the burden SERS will face if the law is implemented and then found unconstitutional,
(2) request that the Attorney General seek or agree to a stay of the new law’s implementation until the lawsuits that challenge the new law’s constitutionality are finally completed, and
(3) if the Attorney General will not comply with point (2), request that the Board of Trustees be allowed to select its own counsel to defend SERS and the Board in the lawsuits that name them as defendants so that SERS and the Board are able to express their position in the lawsuits and seek or agree to a stay of implementation of the new law until the lawsuits that challenge the new law’s constitutionality are finally completed.
The resolution passed unanimously.
H/T to a regular reader who brought this matter to our attention yesterday afternoon.
*** 12:43 p.m. - *** From comments below, an update from resident pension expert RNUG…
This is old news. I did hear that the lawyers for Kanerva / Maag filed additional information / arguments immediately after the favorable AZ ruling but that was a while back. Truthfully, I had expected we would have known something by now. Right now it’s anybody’s guess; maybe the AZ decision has the ISC rethinking their unpublished opinion.