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AT&T Cleared in Cash Balance Suit Alleging ERISA and ADEA Violations
PLANSPONSOR
[Guidance Overview] June 10, 2010
Excerpt: The decision ... ends a 12-year court fight over allegations the company's operation of the pension program discriminated against older workers and violated ERISA's anti-backloading rule. [The judge] also cleared the communications company of violating U.S. Treasury Department regulations that require 'subsidized early retirement benefits' to be the actuarial equivalent of the subsidized benefit.
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