A federal judge in the Eastern District of Michigan ruled in favor of a retiree from Detroit Edison Co. whose pension benefit was miscalculated before his decision to retire.
During his 25-year career with the utility company, John Paul, the plaintiff in the case, worked as a temporary employee, a union employee, and a non-union employee, before moving back to a union position—and back into its retirement plan—in 1992, where he served the balance of his career until 2009, when he retired.
Before he did, Paul requested and reviewed Pension Calculation Statements, provided by the company's plan administrator, Aon, four different times.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
