RH Jones re: Retirees suing over Colorado state pension changes

From RH Jones, March 2, 2010
Subject: Fw: Business Insurance News Story: Retirees sue over Colorado state pension changes

http://www.businessinsurance.com/article/20100226/NEWS/100229929

To all:

When you open this message from Business Insurance, you will notice that the Pennsylvania Attorney, Stephen M. Pincus, is a partner at Pittsburgh-based Stember Feinstein Doyle & Payne L.L.C., a firm that specializes in pension rights on behalf of retirees. He has been an attorney in a healthcare case also.

An e-mail to me a while back stated that no lawyer in Ohio would take such a case. The OH STRS has already cut some of our healthcare; so, in order to recoup it and all that we have lost in the meantime, this Stephen Pincus comes with good credentials. All the above can be verified by going to the web site below.

I will not be able to go to Columbus for this STRS special meeting this coming day after tomorrow, Thursday, March 4 & Friday, March 5; Some other retiree could, and should, let the STRS know at this public meeting that there is the danger of STRS having to pay out legal fees as well as "make up" awards in which the litigation may favor retirees; and if damages were to be awarded.

The right thing and best thing for STRS officials to do is to honor the promises and just to go on and ask the ORSC, and all the other organizations involved that a modest increase in employer and employee contributions is the only way to go for now. Times are tough, we know: but, as every knowledgeable person knows, they are even tougher for retirees.

RHJones