Two pension boards in Detroit are suing the state of Michigan over the recently passed emergency financial manager legislation, claiming that the law is unconstitutional.
Several individual city employees (both retired and currently employed) joined the General Retirement System of the City of Detroit and the Police and Fire Retirement System of the City of Detroit in filing suit Monday. Michigan Gov. Rick Snyder and state Treasurer Andy Dillon are named in the suit.
The lawsuit challenges Section 19(1)(m) of the legislation, which grants an emergency manager with the power to unilaterally modify vested pension benefits and to remove or replace the trustees of public pension funds.
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