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Eleventh Circuit Affirms Allstate Retirees Are Not Entitled to Lifetime Vesting in Life Insurance
Roberts Disability Law
Dec. 29, 2021 "The Eleventh Circuit concluded that [1] Allstate did not violate ERISA Section 502(a)(1)(B) because it had the authority under the Summary Plan Descriptions ('SPDs') to terminate the retiree life insurance benefits for both putative classes and [2] any claims for breach of fiduciary duty under ERISA Section 502(a)(3) were time barred." [Klaas v. Allstate Ins. Co., No. 20-14104 (11th Cir. Dec. 28, 2021)] |
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