Information From Attorney Krislov

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KRISLOV & ASSOCIATES, LTD. Attorneys at Law

Dear Retirees:

We’re still waiting for a decision from the United States Court of Appeals for the Seventh Circuit, following our argument December 10, 2014. We cannot predict when the decision will come down; but we’ll certainly let you know when it does.

In the meantime, we have filed a case for the Municipal and Laborers Funds participants to challenge the statutory deferral and reduction in their Cost of Living Adjustments, as prohibited by the Illinois Constitution’s “Pension Protection Clause” – more on that around the end of the month. Obviously, if the City is successful in that case, it’s likely that the City will try to impose the same changes on Police and Firemen’s pension COLAs.

Arguments on the State Pension “Reform” challenge are likely to be sometime in the March term of the Illinois Supreme Court. We will likely be filing another “friend of the court” brief in that case, as we did on the State retiree healthcare case. Our brief will likely be due February 16, 2015..

Korshak reconciliation checks should be out this month for the six month period ended June 30, 2013. Most of you will be receiving checks on the level of a month’s premium. We’re proud of having obtained these for you, and hope that you will consider contributing a portion to our war chest.

Sincerely,

Clint Krislov