5th Circ. Upholds AT&T Win In ERISA Dispute

Law360, New York (November 19, 2009, 1:13 PM EST) -- A federal appeals court has rejected a plaintiff's bid to overturn a district court’s decision that AT&T Inc. did not illegally reduce workers' pension benefits by applying a preretirement mortality discount to her lump sum retirement benefits payout.

A little more than a month after named plaintiff Kathleen A. Stewart filed the appeal, the U.S. Court of Appeals for the Fifth Circuit ruled Tuesday that AT&T’s plan administrator had not violated the Employee Retirement Income Security Act’s anti-forfeiture rule by applying a discount for the probability...
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