DOL Files Amicus Brief In 11th Circuit ERISA Over Outdated Pension Assumptions

( December 12, 2024, 2:34 PM EST) -- ATLANTA — The U.S. Department of Labor (DOL) has filed an amicus curiae brief supporting revival of a putative class action over the calculation of annuities for married pension plan participants,arguing that part of the Employee Retirement Income Security Act requires using “reasonable assumptions” and that the challenged ruling is “[c]ontrary to the meaning and purpose of the statute, governing regulation, and overwhelming weight of case law.”...