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re: LA. Supreme Court Rules in Favor of St. George Incorporators
Posted on 4/26/24 at 1:12 pm to BigBinBR
Posted on 4/26/24 at 1:12 pm to BigBinBR
quote:
What I am betting the city does is negotiate the amount that St George would owe in unfunded pensions against what is in “escrow” that way the city doesn’t have to show that the money is gone
That legacy pension amount is set by a law mentioned in the case.
It wasn’t as high as BR was claiming in court, meaning it may not help them as much as they are hoping.
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