2nd Circuit Revives Part Of ERISA Disclosure Suit Involving Converted Plan

(August 14, 2024, 1:14 PM EDT) -- NEW YORK — In an Aug. 13 ruling partly reversing dismissal of a putative class action over annual benefit statements provided after a traditional defined benefit retirement plan was converted to a cash balance plan, the Second Circuit U.S. Court of Appeals said the Employee Retirement Income Security Act requires the statements to “unambiguously indicate a plan participant’s ‘total benefits accrued.’”...

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