Greenbelt, MDOn April 16, the District Court of Maryland (Southern Division) dismissed only one of five counts in an ERISA class action lawsuit against Lockheed Martin Corporation (Lockheed) and its subsidiary, Lockheed Martin... Read more »
Minneapolis, MNA retired plumber has been granted by a Minnesota federal judge a motion for judgment in his Employee Retirement Income Security Act (ERISA) lawsuit filed in early 2023 against the Western... Read more »
New York, NYOn December 30, three former employees of Verizon Communications filed a class-action lawsuit on behalf of 56,000 Verizon Communications, Inc. retirees who formerly participated in either the Verizon Management Pension... Read more »
An employer can contest a withdrawal liability assessment and ultimately prevail. That is the moral of Bulk Transport Corp. v. Teamsters Union No. 142 Pension Fund, No. 23-1563 (7th Cir. Mar. 22,... Read more »
An enduring wave of novel class actions challenging the actuarial assumptions used to calculate certain pension benefits has prompted many sponsors of defined benefit pension plans to evaluate their planâs terms for... Read more »
As the downsides of 401(k)-style plans become apparent, workers and some companies, including IBM, are showing new interest in defined benefit plans. Source link Reach Out Don’t hesitate to reach out to... Read more »