US - The ERISA Industry Committee (ERIC) has filed an amicus curiae brief with the US Court of Appeals urging it to affirm a lower court decision dismissing an action challenging the legality of cash balance plans.
With respect to the Register v. PNC Financial Services Group case, ERIC’s brief has addressed the plaintiffs’ claim that cash balance plans ( which define an employee’s benefit as the sum of their ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
