Backloading Claims Nixed In SC Johnson ERISA Suit

Law360, New York (March 30, 2010, 2:21 PM EDT) -- A federal judge has ruled that two S.C. Johnson & Sons Inc. retirement plans did not violate the Employee Retirement Income Security Act by backloading pension benefits, but he found that the plans had underpaid lump sum payments to former employees.

Ruling on cross-motions for summary judgment in a class action filed against the plans by former S.C. Johnson employees, Judge J.P. Stadtmueller of the U.S. District Court for the Eastern District of Wisconsin on Friday granted summary judgment to the plans on the issue of...
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