Pricewaterhouse Ruling May Redefine BofA Pension

Law360, New York (September 12, 2006, 12:00 AM EDT) -- A ruling by a U.S. District Court judge that invalidated a PricewaterhouseCoopers pension over its retirement age definition may affect a similar pension at Bank of America Corp. that has come under fire.

In a class action against PWC, Judge Michael B. Mukasey in the U.S. District Court for the Southern District of New York decided last week that the retirement age under PWC’s pension plan could not be defined according to years of service, but should be set at age 65. The accounting firm had...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.