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Seventh Circuit Affirms Plan Sponsor’s Discretion for Severance Benefits
Groom Law Group June 2, 2023 "The decision affirms that, if the plan so provides, discretionary eligibility criteria for severance benefits is permissible under ERISA. However, plan sponsors should be aware that the exercise of discretion in certain ways can cause issues under other federal laws intended to protect against discrimination ... [and] in the context of a voluntary severance plan, the exercise of discretion with respect to eligibility could negate the voluntary nature of the plan." [Carlson v. Northrop Grumman Severance Plan & Northrop Grumman Corp., No. 22-1764 (7th Cir. May 8, 2023)] |
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