A second lawsuit challenging the legality of a 2014 Chicago pension reform law was filed in Cook County Circuit Court Monday.
The lawsuit brought by the Municipal Employees Society of Chicago, along with one active and one retired city worker, challenges the constitutionality of pension benefit cuts for participants in the $5.3 billion Chicago Municipal Employees' Annuity & Benefit Fund and $1.4 billion Chicago Laborers' Annuity & Benefit Fund.
The Municipal Employees Society of Chicago is an advocacy group for participants in the two pension funds.
The pension law, signed by Gov. Pat Quinn on June 9 and scheduled to take effect Jan. 1, raises employee and employer contributions and reduces retiree cost-of-living adjustments for participants in the two plans.
The Illinois Constitution “explicitly protects the benefits of participation in a government retirement system from being diminished or impaired,” the lawsuit states.