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Home / Opinion Digests / Employment Law / Banking Exec Loses ERISA Pension Claim (access required)

Banking Exec Loses ERISA Pension Claim (access required)

A former banking executive whose company was sold in 1994, at which time company executives received “Pool Payments” as retention incentives and were told informed these payments would not be counted toward pension benefits, waited too long to challenge this decision with an ERISA suit filed in 2014; the Charlottesville U.S. District Court also holds ...