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First Circuit: DB Plan Doesn't Owe Interest to Participant Where Payments Voluntarily Delayed
U.S. Court of Appeals for the First Circuit via FindLaw 
[Opinion] May 12, 2003 Excerpt: A beneficiary of a pension plan can not intentionally evade receipt of his benefits and then force the pension plan to pay him interest on the forgone benefits, because there is no obligation to pay interest in such a situation. [Twomey v. Delta Airlines Pilots Pension Plan, Nos. 02-1968, 02-2271 (1st Cir. May 7, 2003)] MORE >> |
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