Regional Vice President of Sales The Retirement Plan Company
|
Bates & Company, Inc.
|
AimPoint Pension
|
Loan & Distribution Specialist AimPoint Pension
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Compass
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
Fourth Circuit Finds No Backloading Problem With Accrual Increases After Normal Retirement Age
Seyfarth Shaw LLP Aug. 23, 2012 "[The Fourth Circuit found that] benefit accrual increases to participants who have reached normal retirement age ... do not run afoul of ERISA's prohibition against 'backloading' accruals in later years of service.... [This] is the first reported Court of Appeals decision to find that ERISA's anti-backloading provisions do not apply to benefit accrual increases for plan participants who have reached normal retirement age." [McCorkle v. Bank of America Corp., 2012 U.S. App. LEXIS 15346 (4th Cir. July 25, 2012)] |
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |