Employees Bid For Second Look In IBM Pension Case

Law360, New York (August 22, 2006, 12:00 AM EDT) -- Less than a month after a federal appeals court ruled that International Business Machine Corp.'s cash-balance pension plan does not discriminate against older workers, the plaintiffs in the closely watched case are asking the court to reconsider its earlier decision.

The en banc petition, filed in the U.S. Court of Appeals for the Seventh Circuit on Monday, asks all 11 judges on the bench to review the court’s Aug. 7 ruling. That decision reversed a lower court’s finding that IBM's cash-balance pension discriminated against older workers....
To view the full article, register now.