The Judicial Symposium on the Economics and Law of Public Pension Reform will discuss the looming financial and structural crisis facing state pensions systems across the nation. With several dozen states adopting modest to major reforms, the economic impact on plan beneficiaries will be substantial, and at least twenty-five jurisdictions are facing lawsuits due to the reforms adopted. This symposium will comprehensively outline the underlying structure of pension systems, address the differences between public and private pensions, and detail the unfunded liabilities and potential bankruptcy issues arising from this crisis. It will also discuss the legal challenges to reform efforts under state constitutions citing both the contacts clause and the takings clause. The symposium has been structured to allow ample time for participant dialogue with speakers and panelists.
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