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Class Action Filed Against STRS for Cost of Living Allowance Cuts

Goldenberg Schneider has joined forces with attorneys from Minnillo & Jenkins, Co., L.P.A. and Finney Law Firm, LLC and filed a putative class action against the Ohio State Teachers’ Retirement Board on behalf of all participants in the Ohio State Teachers’ Retirement System (“STRS”), alleging that changes made to cost-of-living adjustments (“COLA”) in 2017 violated state laws, the U.S. Constitution and the state constitution.  In March 2017, the pension fund’s board reduced the COLA to zero from 2% effective July 1, 2017.  The suit, filed May 23, 2019 in U.S. District Court in Cincinnati, alleges that the pension fund’s 2017 elimination of the COLA for all retirees violated procedural and substantive due process, impaired their right of contract, and a violated the contracts clause and takings clause in both the U.S. and Ohio constitutions.

The case,  Dennis v. State Teachers Retirement Board, No. 1:19-cv-00386-SJD, is currently pending before Judge Susan J. Dlott in the United States District Court for the Southern District of Ohio.

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