United Way Chapter To Pay $6.2M To Resolve ERISA Claims

Law360, New York (June 27, 2012, 10:38 PM EDT) -- A Texas federal judge on Friday preliminarily approved a settlement of nearly $6.2 million by a United Way chapter to resolve claims by a class of beneficiaries of its pension plan that they received only a portion of the early retirement pension for which they were eligible.

U.S. District Judge Melinda Harmon signed off on the proposed settlement by the United Way of the Texas Gulf Coast and the plan it sponsors, the United Way of Texas Gulf Coast Cash Balance plan, to end claims by...
To view the full article, register now.