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U.S. Airways, Inc. v. McCutchen: A Win for 'Unambiguous' Plan Terms, but What About the Rest of Them? (PDF)
Morgan Lewis, via Bender's Labor & Employment Bulletin June 6, 2013 "While the Court's holding allows employers to feel secure in administering their plans and calculating their costs as prescribed by the terms of the plans, McCutchen also cautions plan sponsors to carefully consider the terms that they include in their plans -- every phrase, word, comma and period. Plan documents should be given the same care and consideration as a multi-million -- or multibillion dollar merger agree- ments because the financial consequences can be just as significant." |
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