A company's detailed paper trail saved it from a lawsuit and subsequent appeal by former union employees who felt they were denied promised retirement benefits, a court has ruled.
The U.S. Court of Appeals for the Third Circuit decided in favor of Union Labor Life Co. and Amalgamated Life Insurance Co. because "there were several subsequent communications (to employees) making it clear that no defined benefit plan participation was offered until 2010."
The defendants said numerous notices were sent in 2004, when Union Labor Life outsourced its claims administration services to Amalgamated Life, showing that employees would be able to keep their jobs but would not be offered pension benefits under the transaction. Before the transaction occurred, the plaintiffs worked for ULLICO and were covered by a collective bargaining agreement, which included participation in the company's defined benefit pension plan.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
