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AGO Opinions with Topic: PUBLIC EMPLOYEES’
AGO 2005 No. 16 >  November 2, 2005
PENSIONS - PUBLIC EMPLOYEES’ - RETIREMENT SYSTEMS - RETIREMENT
Effect of “non-contractual rights clause” on Legislature’s future obligation to provide “gain-sharing benefits” Where the Legislature has enacted statutes providing “gain-sharing” benefits to retirement system members if certain circumstances occur, but has included language reserving the right to repeal or modify such benefits before they are actually granted, pension system members have no enforceable right or current reasonable expectation of receiving such benefits.
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