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PwC Denied Summary Judgment on Whipsaw Calculation Claim
PLANSPONSOR
[Guidance Overview] Aug. 23, 2011
In Laurent v. PricewaterhouseCoopers LLP, former participants of the firm's Retirement Benefit Accumulation Plan (RBAP) argued their distributions using a whipsaw calculation improperly used the 30-year Treasury rate to project their benefits to age 65 when a set rate between 7% and 9% would have been more accurate.
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