Bates & Company, Inc.
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Regional Vice President of Sales The Retirement Plan Company
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Compass
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Loan & Distribution Specialist AimPoint Pension
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AimPoint Pension
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General Release of Claims Does Not Bar Unaccrued ERISA Whipsaw Calculation Claims
Wolters Kluwer Law & Business May 23, 2013 "A class action suit regarding a pension plan's failure to utilize a 'whipsaw' formula properly was not barred by the employees' agreement to a general release of claims in exchange for severance, the [Sixth Circuit] has held. The whipsaw claims had not accrued at the time of the execution of the severance agreements and the releases made no mention of future ERISA claims." [Schumacher v. AK Steel Corporation Retirement Accumulation Pension Plan, No. 12-3061/3063 (6th Cir. Mar. 28, 2013)] |
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