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Legal

Public Pension News

The latest updates on legal affairs impacting public pensions. Find out how to submit articles on this topic here.

Actuarial Asset Management Careers & RFPs Events & Education Governance Legal Member Services News from NCPERS PERSist Policy Press Releases Public Pension Profiles Research Technology

Trustees’ Fiduciary Duties Relating to Securities Class Action Litigation
Legal, PERSist,
Trustees’ Fiduciary Duties Relating to Securities Class Action Litigation

Learn how trustees can fulfill fiduciary duties in securities class action litigation by implementing portfolio monitoring and adopting clear litigation policies. Continue Reading

Date posted08/26/2025


Filling the Gap: The Increasing Importance of Institutional Investors Addressing Corporate Misconduc
Legal, PERSist,
Filling the Gap: The Increasing Importance of Institutional Investors Addressing Corporate Misconduc

By: Erin Woods, Nancy Kulesa, and William Massa, Bleichmar Fonti & Auld LLP Without the deterrent power of strong enforcement, investors face increased risks of transacting in securities without complete and accurate information about a particular issuer. Congress entrusted regulators as... Continue Reading

Date posted08/21/2025


State Constitutional Protections for Public Pension Benefits
Legal, Policy,
State Constitutional Protections for Public Pension Benefits

Explore a comprehensive 50-state review of state constitutional protections for public pension benefits, highlighting contract principles and the California Rule. Continue Reading

Date posted07/1/2025


State of "Pay": What Comes Next in LACERA v County of LA & the Stakes for Trustee Independence
Legal, Policy,
State of "Pay": What Comes Next in LACERA v County of LA & the Stakes for Trustee Independence

California Supreme Court reviews LACERA v. County of Los Angeles, focusing on pension boards' independent authority over personnel compensation to protect trustee independence. Continue Reading

Date posted05/30/2025


Current Law vs. Current Policy, and Other Budgetary Matters for Pensions to Watch
Legal, Policy,
Current Law vs. Current Policy, and Other Budgetary Matters for Pensions to Watch

Explore the critical April budget talks as President Trump and GOP push tax cuts, spending reforms, and pension impacts amid debt ceiling debates. Continue Reading

Date posted04/2/2025


Tax Law and Why It Matters to Public Plans
Legal, Policy,
Tax Law and Why It Matters to Public Plans

Explore how IRS funding cuts impact tax law enforcement and guidance on SECURE Act changes, affecting public pension plans and state tax revenues. Continue Reading

Date posted03/3/2025


WEP-GPO Repeal: When Will Public Sector Workers Receive Adjusted Social Security Benefits?
Legal, Policy,
WEP-GPO Repeal: When Will Public Sector Workers Receive Adjusted Social Security Benefits?

The Social Security Administration has begun paying retroactive and increased benefits to public sector workers affected by WEP-GPO, following the repeal under the Social Security Fairness Act. Continue Reading

Date posted02/26/2025


Recent Supreme Court Decisions Signal Increased Investor Litigation
Legal, PERSist,
Recent Supreme Court Decisions Signal Increased Investor Litigation

Recent Supreme Court rulings limit SEC enforcement power, shifting investor protection to litigation. Learn how these decisions impact securities fraud cases. Continue Reading

Date posted02/25/2025


The Critical Governance Question Before the California Supreme Court in LACERA v. County of LA
Legal, PERSist,
The Critical Governance Question Before the California Supreme Court in LACERA v. County of LA

Explore the LACERA v. County of Los Angeles case before the California Supreme Court, impacting pension board governance, fiduciary independence, and talent recruitment. Continue Reading

Date posted02/4/2025


Canada Looks at Changing Pension Investing Rules to Promote "Asset Recycling"
Legal, Policy,
Canada Looks at Changing Pension Investing Rules to Promote "Asset Recycling"

Canada is exploring pension investing rule changes to promote "asset recycling," enabling pension funds to invest in infrastructure like airports and utilities, boosting capital for public projects. Continue Reading

Date posted01/2/2025


Repeal of WEP-GPO: What Public Sector Workers Should Know About the Social Security Fairness Act
Legal, Policy,
Repeal of WEP-GPO: What Public Sector Workers Should Know About the Social Security Fairness Act

The Social Security Fairness Act repeals WEP-GPO, boosting retirement benefits for 6.5M public sector workers. Awaiting President Biden's signature. Continue Reading

Date posted12/23/2024


What to Know About the Latest House WEP-GPO Hearing
Legal, Policy,
What to Know About the Latest House WEP-GPO Hearing

Learn about the latest House hearing on Social Security's WEP and GPO penalties, potential formula changes, and their impact on retirees and legislation. Continue Reading

Date posted05/1/2024

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