The plan "had the pernicious effect of eliminating and/or reducing annual increases from retirees under 65 at the time of enactment and, consequently, significantly reducing their pensions when they became 65," he wrote.

The law was "not reasonable," Garbis wrote.

"There was an important public purpose to be served by the restructuring of the Plan so as to restore it to actuarial soundness and sustainability," the judge wrote.

"However, the City did not have total freedom to disregard its contractual obligations altogether."

julie.scharper@baltsun.com

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