Supreme Court rules pensions must be gender neutral
The ruling targets unequal pension payments in employer plans with the greatest effect in the public sector and universities. Experts say many private plans already use unisex benefit formulas and 13 states still allow gender based reductions. The decision accelerates moves toward gender equality, though critics call it a limited change.
MENTIONED IN THIS ARTICLE
Gary McClung
Chicago
Towers Perrin Forster & Crosby
Supreme Court ruling affects public sector pension plans on sex pay equity
The decision could alter benefits for 26.1 million Americans with $165.8 billion in reserves, with 1 million to 3 million women receiving different benefits. It will raise some women's benefits and possibly increase payments for both sexes, but not retroactive for pre Aug 1 contributions. Industry and lawmakers weigh future legislation and retroactive changes.
MENTIONED IN THIS ARTICLE
Eitelberg
Richard S. Schweiker
American Council of Life Insurance
Labor Department
June Hoffer
Prudential Bache Securities Inc
Congress
Bob Packwood
R-Ove
Supreme Court
George Gross
National League of Cities
Lester Rivera Memorial Grant at Elyria Catholic
Elyria Catholic opens applications for the Lester Rivera Memorial Grant at the high school office. Eligible students must be accepted by EC and demonstrate financial need. Rivera was a former EC football player who died during a 1980 practice.
MENTIONED IN THIS ARTICLE
Elyria Catholic
Lester Rivera Memorial
Rivera
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Cathie Eitelberg
Municipal Finance Officers Association
Midway Mall
Midway
Bi Se Slbeg
Rie
Spiegelberg Farms
Jean Roac
Birmingham
Onia
Aco
Eh Beda
Neng
Step-in
Oxfords
OTC PN
C-T
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