A 15,000-member group that represents retired state workers and teachers filed a lawsuit yesterday against the state retirement system over changes made last year to cost-of-living payments.
In a class-action suit filed in federal district court in Bangor, the Maine Association of Retirees opposes the freeze of cost-of-living adjustments for three years and a new 3% cap on cost-of-living increases after that, according to MaineToday Media. The suit claims the changes go against the contract clauses of the U.S. and Maine constitutions on public employee pensions. The plaintiffs want the court to award retroactive cost-of-living adjustments. Read More here….