Compensation Strategies Group, Ltd.
Nicholas Pension Consultants
Nova 401(k) Associates
Creative Pension Consultants, Inc.
The Retirement Plan Company (TRPC)/an ABG firm
ERISA Services, Inc.
Atlantic Pension Services Inc
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|Applying M&G Polymers Supreme Court Decision, District Court Decides Retirees Are Not Entitled to Lifetime Health Benefit|
Oct. 1, 2015
"Relying on a recent U.S. Supreme Court decision that upended a long stretch of retiree-friendly precedent, [M&G Polymers USA, LLC v. Tackett,] Judge Patrick J. Duggan ruled Sept. 28 that the CNH retirees' right to employer-paid health-care benefits lasted only as long as each collective bargaining agreement. Duggan had ruled eight years earlier that the retirees' benefits were vested for their lifetimes. The ruling is significant because it represents one of the first times a federal court within the jurisdiction of the U.S. Court of Appeals for the Sixth Circuit has had the opportunity to apply the U.S. Supreme Court's ruling[.]"
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