Prof. Monahan Quoted on CNBC.com on Public Pension Reform Efforts

Professor Amy Monahan was quoted on CNBC.com regarding public pension reform efforts and the lawsuits that have resulted, noting that it is difficult to determine in advance which reforms will be legally successful. The uncertainty, Monahan said, stems from the legal standard used in many states that permits plan changes only where they are the "least drastic" method of achieving an important public policy goal.