GREENVILLE, S.C. - A federal judge in South Carolina on March 29 ruled that the anti-cutback provision of the Employee Retirement Income Security Act prevented a pension plan from enforcing an amendment that froze benefit accruals and eliminated a supplemental benefit payment to participants who elected to take early retirement, saying that the plan's plain language gave the participants the right to meet the eligibility requirements of the supplemental benefit (Noorali Sam Savani v. Washington...(read more)![]()
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