Assignment:
State Z enacted a Private Pension Benefits Protection Act requiring private employers with 100 or more employees to pay a pension funding charge for terminating a pension plan or closing an office in State Z. Acme Steel Company closed its offices in State Z, whereupon the state assessed the company $185,000 under the vesting provisions of the Act. Acme challenged the constitutionality of the Act under the Contract Clause of the U.S. Constitution. Was the Act constitutional? Explain.
Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.