tag:blogger.com,1999:blog-2607144762948150931.post4314834665360096831..comments2023-06-27T08:39:54.324-07:00Comments on Pension Vocabulary : Considering Justice Burke's Dissent in Kanerva v. WeemsJohn Dillonhttp://www.blogger.com/profile/10516552420300264491noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2607144762948150931.post-20983719374373320442015-08-07T21:28:39.626-07:002015-08-07T21:28:39.626-07:00We are seeking genuine companies/ individuals look...We are seeking genuine companies/ individuals looking for Loans to finance their business or expand existing ones. We also deal on all kind of Bank Instruments. <br />[1]Project Funding / Financing<br />[2] Unsecured loans, Commercial loans<br />[3] Worldwide project financing<br />[4] Equity Loan Financing<br />[5] Personal Financing<br />[6] Issuance and discount of all bank instruments like BG, SBLC, LC, MTN, POF, PPP<br />[7]Bills of Exchange<br />[8]Property Loan & Mortgage<br />If Interested kindly contact E-mail: Zopaloancompanyltd@qq.comAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2607144762948150931.post-32525270425823243452014-07-09T11:59:38.383-07:002014-07-09T11:59:38.383-07:00Thank you, Glen. Sadly, we retired in a state whe...Thank you, Glen. Sadly, we retired in a state where there is no protection of any promise even when the contract is explicitly stated. <br /><br />Thanks for both clarifications.<br /><br />JDJohn Dillonhttps://www.blogger.com/profile/10516552420300264491noreply@blogger.comtag:blogger.com,1999:blog-2607144762948150931.post-26973999209389888152014-07-08T13:16:23.642-07:002014-07-08T13:16:23.642-07:00Consideration:
“The consideration doctrine is a m...Consideration:<br /><br />“The consideration doctrine is a moving target, different [understandings will] yield different [interpretations]… Courts have considerable latitude in determining whether to find consideration (or not), and hence whether to enforce a promise (or not)… [Nonetheless], it would be highly undesirable to allow public officials to extract benefits in return for the performance of their existing legal duties” (National University of Singapore Professor Mindy Chen-Wishart, Contract Law).<br /><br />In Illinois, the Supreme Court “has consistently invalidated amendments to the Pension Code where the result is to diminish benefits” (McNamee v. State, 173 Ill. 2d 433, 445 (1996)). “Any alteration of the pension system amounts to a modification of an existing contract between the State (or one of its agencies) and all members of the pension system, whether employees or retirees. A member is contractually protected against a reduction in benefits” (Kuhlmann v. Board of Trustees of the Police Pension Fund of Maywood, 106 Ill. App. 3d 603, 608 (1st Dist. 1982)).gbrownhttps://www.blogger.com/profile/13435049339082622611noreply@blogger.comtag:blogger.com,1999:blog-2607144762948150931.post-49239874058274723542014-07-08T13:06:30.361-07:002014-07-08T13:06:30.361-07:00An interesting note:
Minnesota is the only state ...An interesting note:<br /><br />Minnesota is the only state that has promissory estoppel as its legal basis for protection of public pension rights under state laws. Promissory estoppel is usually considered an alternative to the requirement of consideration. It is a "protection of a promise even when no contract has been explicitly stated" (Alicia H. Munnell).gbrownhttps://www.blogger.com/profile/13435049339082622611noreply@blogger.com