8/19/2008: An Insurance Company, an Agent, and ERISA Preemption (Massachusetts Lawyers Weekly)
Excerpt: "[The defendants] recommended that the [plaintiff Maria Miara and her husband Richard] purchase a Defined Benefits Plan ('DBP'), and represented to the plaintiff that under the DBP the 'Pension Benefit Guaranty Corporation ('PBGC') guaranteed 100% spousal benefits in the event that anything was to happen to either [Miara or her] husband.' . . . 'In a letter dated June 12, 2002 and addressed to the estate of Richard A. Miara, the PBGC informed Miara, in her role as executrix of her late husband's estate, that under the remnants of the DBP, she was entitled to a monthly payment of $531.76 for the remainder of her life [rather than the earlier-quoted amount of $2,664.35]."
Important word about authorship:
BenefitsLink ® (BenefitsLink.com) provides this page for you,
with a hypertext link to an item we think is interesting and valuable
for companies sponsoring employee benefit plans, employees who participate in plans,
and firms who provide products and services to plans. But BenefitsLink
is not the author of the item to which this hypertext link
will take you (unless expressly indicated there).
|
|
