Constitutional Law,
9th U.S. Circuit Court of Appeals
Aug. 29, 2018
Interest? You think we owe you interest?
As the 9th Circuit put it, the teachers charged that interest had been "skimmed" from their accounts and given to others.
Michael M. Berger
Senior Counsel
Manatt, Phelps & Phillips LLP
2049 Century Park East
Los Angeles , CA 90067
Phone: (310) 312-4185
Fax: (310) 996-6968
Email: mmberger@manatt.com
USC Law School
Michael M. Berger is senior counsel at Manatt, Phelps & Phillips LLP, where he is co-chair of the Appellate Practice Group. He has argued four takings cases in the U.S. Supreme Court.
TAKINGS TALK
Some teachers in Washington thought the state's Retirement Systems Department was short-changing them. Or, as the 9th U.S. Circuit Court of Appeals put it, the teachers charged that interest had been "skimmed" from their accounts and given to others. See Fowler v. Guerin, 2018 DJDAR 8208 (Aug. 16, 2018).
Here is how the scheme worked. The state had three different reti...
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