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First Circuit: Amendment to Separation Pay Plan Was Not Breach of Fiduciary Duty
U.S. Court of Appeals for the First Circuit via FindLaw 
Mar. 12, 2003 "A plan administrator was not acting as a fiduciary in amending a severance plan, and employers have the right to amend or end a welfare benefit plan at any time, thus amendment to a Separation Pay Plan was proper under ERISA, and an elimination of an expected (not accrued) benefit was not a violation." [Campbell v. BANKBOSTON, No. 02-1695 (1st Cir. Mar. 7, 2003)] MORE >> |
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