Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Retirement Plan Administrator

Bates & Company, Inc.
(Remote / Winter Park FL)

Bates & Company, Inc. logo

Director of 3(16) Operations

Compass
(Remote / NH / Hybrid)

Compass logo

Defined Benefit Combo Cash Balance Compliance Consultant

Loren D. Stark Company (LDSCO)
(Remote)

Loren D.  Stark Company (LDSCO) logo

Regional Vice President of Sales

The Retirement Plan Company
(Remote / AL / FL / GA / MS)

The Retirement Plan Company logo

Business Development Director

AimPoint Pension
(Remote / Pompano Beach FL / AL / GA)

AimPoint Pension logo

Loan & Distribution Specialist

AimPoint Pension
(Remote)

AimPoint Pension logo

View More Employee Benefits Jobs

Free Newsletters

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

-- An attorney subscriber

Mobile app icon
LinkedIn icon     Twitter icon     Facebook icon

Conspicuous and Repetitive Disclaimer Attached to Benefit Calculation Carries the Day in Ohio District Court
Bloomberg BNA Link to more items from this source
May 9, 2014
"The court ruled that because the plaintiff was clearly warned that benefit calculations were subject to correction for errors in the employee's record and that the packet stated three times that the quoted benefit amounts were only estimates, the plaintiff could not reasonably rely on the estimates as being correct. Most important in the case, at least to the court, was the fact that the plaintiff had not already received the incorrect, higher amounts with a subsequent reduction in the amount when the error was discovered.... This case is important to practitioners, however, because it shows the need to make sure that all benefit calculations include easily identifiable language that provide that the calculations are merely estimates." [Spiewacki v. Ford Motor Co.-UAW Retirement Board of Administration, No. 1:13-cv-01972-JG (N.D. Ohio May 1, 2014)]

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).
© 2024 BenefitsLink.com, Inc.