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Fourth Circuit Revives Retirees' Claim of Vested Retiree Life Insurance Coverage
Roberts Disability Law 
July 18, 2022 "[T]he Fourth Circuit ... 'agreed with the plaintiffs that if their retiree life insurance coverage were ever a vested benefit, PPG could not rely on the later-added reservation of rights clause to terminate that coverage.' If the removal of the prior reservation of rights clause in 1969 vested retiree life insurance coverage for Plan participants working between 1969 and 1984, then the 1984 reservation of rights clause only allowed PPG to modify or terminate retiree life insurance coverage for participants hired after the clause's adoption." [Bellon v. PPG Emp. Life & Other Benefits Plan, No. 21-1812 (4th Cir. Jul. 15, 2022)] MORE >> |
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