$15.1M Deal Approved In Disability Retiree Benefits Row

By Adam Lidgett (February 21, 2017, 7:39 PM EST) -- A Michigan federal judge on Friday granted final approval for a class action settlement that will award more than $15.1 million in back benefit damages through March 1 to workers who had their disability retirement benefits reduced, even though their Employee Retirement Income Security Act plan prevented such changes from happening.

U.S. District Judge Laurie J. Michelson approved a final settlement in a class action against the multiemployer benefits plan Carpenters Pension Trust Fund—Detroit and Vicinity and its trustees, which the class had said amended its ERISA plan to reduce disability retirement benefits that the class members had already started to receive,...

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