White v. Public Employees Retirement Board

Plaintiffs Ursula White, Bruce Reiter and Margaret Retz, one retired member and two active members of the Public Employees Retirement System (PERS) challenged certain actions of the Public Employees Retirement Board (PERB) alleging that those actions violated PERB's fiduciary duty to manages PERS for the benefit of PERS members. Specifically, Plaintiffs alleged that PERB breached its duty when it settled "City of Eugene v. Oregon." Respondent PERB argued that it settled that case pursuant to the "PERS Reform and Stabilization Act of 2003" and by court order, and was consistent with it's charged fiduciary duties. The trial court entered judgment in favor of PERB, and Plaintiffs appealed. The Court of Appeals certified the appeal to the Supreme Court, which concluded that there were disputed factual issues with respect to one of the Plaintiffs' claims, and that the trial court erred in granting judgment in PERB's favor. The Court reversed that part of the trial court opinion directed at that Plaintiff, and remanded the case. View "White v. Public Employees Retirement Board" on Justia Law