Wednesday, January 10, 2007

Supreme Court to Consider Cash Balance Plans?

Cashbalanceplan_2 So suggests this blurb this morning from PlanSponsor.com:

"HIGH" TIME?  This week, the U.S. Supreme Court is scheduled to discuss whether or not it will review a federal appeals court ruling that IBM Corp.'s cash balance pension plan does not discriminate against older workers.  Last August, the 7th U.S. Circuit Court of Appeals overturned a lower court ruling that said the plan discriminated against older employees.  However, it is not clear when the - or if - the nation's high court might decide on whether to hear the case after talking about it at their regular weekly conference.

You can read about the rest of this developing story here at PlanSponsor.com (free registeration required).  You can also read about the 7th Circuit's previous decision in the IBM case at this previous post, as well as posts dealing with commentators who have critiqued and supported that decision.

PS

https://lawprofessors.typepad.com/laborprof_blog/2007/01/supreme_court_t.html

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» Cash balance pension plans from PointOfLaw Forum
Per Prof. Secunda, the Supreme Court is considering whether to review Judge Easterbrook's Seventh Circuit decision upholding the IBM plan. More here, here, etc.... [Read More]

Tracked on Jan 13, 2007 5:17:43 AM

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