Coronavirus (COVID-19) News and Resources
Coronavirus (COVID-19) Webcasts
Subscribe to Free Daily Newsletters
Post a Job

Featured Jobs

ESOP Valuation Writer
Unique ESOP Valuation Provider
(Telecommute)
Enrolled Actuary
Loren D. Stark Company logo
Loren D. Stark Company
(Telecommute)

Free Daily News and Jobs

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Get the BenefitsLink app LinkedIn
Twitter
Facebook

<< Previous news item   |   Next news item >>



Participant's Bid for Higher Interest Rate on Delayed Pension Payment Fails in Second Circuit Case
Wolters Kluwer Law & Business Link to more items from this source
Jan. 15, 2014
"The rate used by the plan was reasonable under the terms of the plan and did not violate ERISA's anti-cutback rules.... [Further, the] court concluded the participant was eligible to submit a request for attorney's fees ... The participant's lawsuit prompted the employer to modify how the plan credited pre-ERISA breaks-in-service, a change which provided the participant with most of the benefits she had sought for herself and for others in the putative class. That this success came as a result of the plan amendment, and not as a result of a judicial order, does not, the court reasoned, alter the conclusion that the participant achieved some success on the merits." [Carlson v. HSBC-North America (US) Retirement Income Plan No. 12-1209-CV (2d Cir. Sept. 17, 2013)]

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 link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2020 BenefitsLink.com, Inc.