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Supreme Court Case Creates Jitters for Defined Benefit Plan Managers
Financial Times 
Oct. 11, 2019 "You might assume that retirement plan participants cannot sue their plan provider if they have not lost money. A case in front of the U.S. Supreme Court could, however, challenge such an apparently common-sense argument. While the legal action may result in greater protection for participants in a range of US retirement savings vehicles, such a win could further threaten the willingness of U.S. employers to offer defined benefit [plans] -- a type of pension plan already in steep decline." [Thole v. U.S. Bank N.A., No. 16-1928 (8th Cir. Oct. 12, 2017; cert. pet. granted Jun. 28, 2019)] |
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