Ex-schools chief: Suit over retirement benefits is about principle, not money!!!

[Omaha Steve]

http://www.omaha.com/news/nebraska/ex-schools-chief-suit-over-retirement-benefits-is-about-principle/article_c18f6b47-02c4-5645-aeec-62acad147c72.html

POSTED: SATURDAY, DECEMBER 13, 2014 1:00 AM
By Alissa Skelton / World-Herald staff writer

A retired superintendent of the Howells-Dodge Consolidated Schools filed a lawsuit in federal court this week claiming the state isn’t paying the amount of retirement benefits it promised him.

Thomas McMahon, who retired July 1, 2013, after 45 years of serving as a Nebraska public schools teacher and administrator, is suing the Nebraska Public Employees Retirement System and members of the Public Employees Retirement Board in federal court in an attempt to gain about $64 more per month in retirement benefits. He worked three different periods in the system and is receiving three different retirement benefits from it. He is suing over only the benefit for the last period, which began in 2008.

McMahon argues that a 2013 state law, which capped three years of his earnings used to determine retirement benefits, unconstitutionally reduced his average monthly compensation and, therefore, his pension.

He says the law should not have applied to him because the law changed at the end of his career and it impairs McMahon’s contract with the school district. He is seeking to increase his monthly benefits from $759.65 to $823.35.

FULL story at link.

[yeoman6987]

1. Oh my God!

This dedicated teacher and administrator worked 45 years and is getting 759 dollars a month and Republicans are calling for cuts cuz we can't afford it? I actually do want to get off at the next stop. We have officially died as a country.

[ladjf]

2. We are not dead as yet but very close. nt