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...
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