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Home / Opinion Digests / Employment Law / Bank Loses Challenge to Pension Plan Payouts (access required)

Bank Loses Challenge to Pension Plan Payouts (access required)

A Big Stone Gap U.S. District Court says a Jonesville bank that terminated its defined benefit pension plan in favor of adopting a 401(k) plan for bank employees loses its challenge to the Pension Benefit Guaranty Corporation’s determination that the plan underpaid participants by calculating the lump sum termination benefits under an amendment to the ...

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