Louisiana Effort To Address Pension Crisis Struck Down in Court
Needs more votes, say the justices
The Louisiana Supreme Court on Friday struck down a controversial change made to the retirement system for new state workers, saying the legislation did not garner enough votes when it was originally passed in 2012. The ruling is the latest legal setback for Gov. Bobby Jindal, who backed the pension changes, after seeing his education overhaul struck down earlier this year.
During the 2012 legislative session, Jindal backed a change to the system for new state workers that would have shifted them from a traditional pension into a 401(k)-like, or "cash balance," retirement plan. While the plan was passed by a simple majority in both chambers, some lawmakers said the change required a two-thirds vote because it would result in an increase in cost to the state.
Hide Comments (0)
Editor's Note: As of February 29, 2024, commenting privileges on reason.com posts are limited to Reason Plus subscribers. Past commenters are grandfathered in for a temporary period. Subscribe here to preserve your ability to comment. Your Reason Plus subscription also gives you an ad-free version of reason.com, along with full access to the digital edition and archives of Reason magazine. We request that comments be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of reason.com or Reason Foundation. We reserve the right to delete any comment and ban commenters for any reason at any time. Comments may only be edited within 5 minutes of posting. Report abuses.
Please
to post commentsMute this user?
Ban this user?
Un-ban this user?
Nuke this user?
Un-nuke this user?
Flag this comment?
Un-flag this comment?