U.S. Supreme Court
May 18, 2011
High Court Rules on Pension Suit
Federal judges have the authority to reform pension plans in response to improperly noticed changes to those plans, the U.S. Supreme Court unanimously ruled Monday.
Daily Journal Staff Writer
WASHINGTON - Federal judges have the authority to reform pension plans to relieve harm caused by improperly noticed changes to those plans, the U.S. Supreme Court unanimously ruled Monday.
The court held that judges have that power under the Employee Retirement Insurance Security Act, known as ERISA, but not the section of the law that the district court ruled under. The court vacated the ruling and...
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