"Participants filed a proposed class action lawsuit ... claiming that the disclosures they were provided about the conversion of the pension plan to a cash balance plan in 1999 failed to inform them that the change could substantially reduce participants' benefits.... [The magistrate judge] determined that the plan satisfied its disclosure requirements at the time of the plan changes because participants were notified through a December 1998 letter of the conversion to a cash balance plan and the effective date. The plan's December 1999 summary plan description also disclosed the change and the impact on benefits." [Lorusso v. Northwell Health Pension Plan, No. 24-2785 (E.D.N.Y. mag. report Feb. 18, 2026)]  MORE >>