Cash balance plans are age discriminatory under ERISA, a federal judge has ruled. Judge Harold Baer became the first judge in the Southern District of New York to make that finding and the second judge to do so in the courts of the 2nd Circuit, which will eventually have to resolve a split on the issue. The judge's ruling came in In re J.P. Morgan Chase Cash Balance Litigation . The case, Baer said, depended on how to interpret ERISA's anti-age discrimination provision for defined-benefit plans.
November 03, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Cash balance plans are age discriminatory under the Employment Retirement Income Security Act (ERISA), a federal judge has ruled.
Judge Harold Baer became the first judge in New York’s Southern District to make that finding and the second judge to do so in the courts of the 2nd Circuit, which will eventually have to resolve a split on the issue.
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