2nd Circuit Finds Cash Balance Plans Do Not Offend ERISA Bias Rules

Cash balance plans do not violate the rule against age-based reductions in the rate of benefit accrual under the Employment Retirement Income Security Act, the 2nd Circuit has ruled, joining the 3rd, 6th and 7th Circuits in finding that the plans survive ERISA scrutiny. Covington & Burling's Jeffrey G. Huvelle, who represented the Verizon ...

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