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Sixth Circuit Rules Plan Terms Are 'Irrelevant' When Considering Equitable Claim
Robinson + Cole LLPLink to more items from this source
June 28, 2015

"The decision makes abundantly clear that the Sixth Circuit requires a plan sponsor to toe a very fine line, because it must simplify and summarize complex plan language in an SPD, but it can be strictly liable if its summary fails to include any term that a court later decides was material to a subsequent dispute ... Any provision in a Plan could be material to some benefit dispute that arises in the future." [Pearce v. Chrysler Group, LLC Pension Plan, No. 13-2374 (6th Cir. June 18, 2015; unpub.)]

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