Category: DB Plans

Yet another battle in the actuarial equivalence fight has just been resolved—and is immediately headed for appellate review. In Belknap v. Partners Healthcare System, Inc., the Plaintiff argued that the annuity payment he received from his plan was not the “actuarial equivalent” of the single...

ERISA Section 102 requires employers to provide accurate and comprehensive information about plan benefits to participants through a summary plan description (and its updates).  A group of participants in Detroit Edison’s defined benefit plan sued alleging that the employer failed to accurately describe the consequences...

Suits alleging that defined benefit plan sponsors failed to update mortality tables used to determine whether alternative plan benefit options are the “actuarial equivalent” of the single life benefit have been proceeding rapidly.   Just days ago, one of the targets of these actuarial equivalence lawsuits...