A n action to recover interest on late disability payments is considered "appropriate equitable relief" under the Employee Retirement Income Security Act of 1974, the U.S. Court of Appeals for the Second Circuit has ruled.
January 11, 2002 at 12:00 AM
1 minute read
An action to recover interest on late disability payments is considered “appropriate equitable relief” under the Employee Retirement Income Security Act of 1974, the U.S. Court of Appeals for the Second Circuit has ruled.
Joining two other circuits, the court said the interest on late payments can not be deemed “extracontractual, compensatory money damages, which are generally not recoverable under ERISA.”
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