If a pension plan includes an ambiguous term, the plan administrator has a fiduciary duty under ERISA to inform beneficiaries of the company’s interpretation, the 3rd U.S. Circuit Court of Appeals has ruled.
The ruling in Harte v. Bethlehem Steel Corp. announces a four-part test for analyzing a claim of breach of fiduciary duty under Section 502(a)(3) of ERISA.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
