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Denial of Tuition Benefits Did Not Breach Fiduciary Duties Under Early Retirement Plan
Thomson Reuters / EBIA Aug. 3, 2018
"The court ruled for the university, finding that the FAQ document clearly disclosed that it was only a summary description of the early retirement incentive plan and directed readers to further information and resources ... The professor had not obtained a copy of the retirement incentive plan ... before signing his early retirement agreement, and the court found his reliance solely on the FAQs unreasonable considering the numerous disclaimers and references to additional resources. The court further held that the university had no fiduciary duty to notify the professor of changes to the FAQs." [Wasserstein v. Univ. of Chicago, No. 17-6567 (N.D. Ill. July 19, 2018)]
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