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ERIC Urges Sixth Circuit to Apply 'Ordinary Principles of Contract Interpretation' Concerning Vesting of Retiree Healthcare Benefits
The ERISA Industry Committee [ERIC]
Feb. 18, 2015 "[ERIC has] filed an amicus brief with the U.S. Court of Appeals for the Sixth Circuit urging the court to apply 'ordinary principles of contract interpretation' involving vesting of retiree health benefits following the U.S. Supreme Court's ruling in M&G Polymers USA, LLC v. Tackett.... 'The Sixth Circuit potentially rehearing the Kelsey-Hayes case is an important opportunity to ensure a proper reading of the Supreme Court's Tackett ruling. For the first time in over 30 years, the Sixth Circuit is now writing on a blank slate when it comes to retiree health care benefits,' said ERIC President and CEO Annette Guarisco Fildes.... 'No reasonable employer should be deemed by implication to have unalterably committed itself to provide such uncertain and costly benefits for life,' [she] added." MORE >> |
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