Featured Jobs
|
Nova 401(k) Associates
|
|
The Pension Source
|
|
DWC ERISA Consultants LLC
|
|
July Business Services
|
|
Retirement Combo Plan Administrator Heritage Pension Advisors, Inc.
|
|
EPIC RPS
|
|
Distributions Processor - Qualified Retirement Plans Anchor 3(16) Fiduciary Solutions, LLC
|
|
Defined Benefit Specialist II or III Nova 401(k) Associates
|
|
Merkley Retirement Consultants
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
|
Text of DOL Solicitor General Brief in Support of Certiorari Petition in Tibble v. Edison International (PDF)
Office of the Solicitor, U.S. Department of Labor
Aug. 21, 2014
"Petitioners first seek review of the question whether 29 U.S.C. 1113(1) bars claims that fiduciaries violated their duty of prudence under 29 U.S.C 1104(a)(1)(B) by offering imprudent investments as part of an ERISA plan, when the investments were first selected more than six years before the plaintiff filed suit. The court of appeals erred in finding such claims time-barred. ERISA imposes a continuing duty of prudence on plan fiduciaries, and respondents breached that duty throughout the limitations period by continuing to offer higher-cost investment options when identical lower-cost options were available. The court of appeals' decision conflicts with the decisions of other courts of appeals, and the statute-of-limitations issue is an important one. The Court therefore should grant certiorari on that question." [Tibble v. Edison International, No. 13-550 (9th Cir. Aug. 1, 2013; cert. pet. filed Oct. 30, 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 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). |