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Severance Policy Is ERISA Plan, 2nd Circuit Rules

Mealey's (July 20, 2015, 10:50 AM EDT) -- NEW YORK — A medical center’s severance policy that had been maintained for almost 25 years and had not been modified for 15 years was an employee welfare benefit plan within the meaning of the Employee Retirement Income Security Act, the Second Circuit U.S. Court of Appeals ruled July 17 (Alexander Okun, MD, v. Montefiore Medical Center, No. 13-3928-cv, 2nd Cir.; 2015 U.S App. LEXIS 12361).

(Opinion available. Document #54-150812-007Z.)

Alexander Okun, M.D., was employed as a pediatrician and professor by Montefiore Medical Center for 23...
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