Regional Vice President of Sales The Retirement Plan Company
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Bates & Company, Inc.
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AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Compass
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Second District Court Contends Cash Balance Plan is Inherently Age-Discriminatory
The ERISA Industry Committee [ERIC] Apr. 12, 2006 Excerpt: A federal district court in Connecticut has held that participants in a cash balance plan may pursue their claim that the plan is inherently age-discriminatory (Richards v. FleetBoston Financial Corp.). Though only ruling that participants have plead a valid claim, the court offered an extensive analysis suggesting that the plan is age-discriminatory. |
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