3rd Circuit: Union, Plan Did Not Misrepresent Early Retirement Benefits

(April 5, 2016, 9:32 PM EDT) -- PHILADELPHIA — A former union member who elected early retirement cannot rely on an oral statement of his pension amount, which ended up being incorrect, to bring breach of fiduciary duty and equitable estoppel claims against the union, the union secretary and the pension plan, the Third Circuit U.S. Court of Appeals ruled March 25, affirming a trial court’s summary judgment ruling in favor of the defendants (Raymond O’Blenis v. National Elevator Industry Pension Plan, et al., No. 15-3209, 3rd Cir.; 2016 U.S. App. LEXIS 5598)....
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