Supreme Court Lets Stand 9th Circuit’s Ruling On ERISA Pension Plan Definition

Mealey's (January 12, 2017, 11:21 AM EST) -- WASHINGTON, D.C. — The U.S. Supreme Court on Jan. 9 declined to review a Ninth Circuit U.S. Court of Appeals’ ruling that affirmed the dismissal of claims under the Employee Retirement Income Security Act against Booz Allen Hamilton Inc. (BAH) based on its conclusion that BAH’s Stock Rights Plan did not qualify as an ERISA plan because its primary purpose was not to provide deferred compensation or other retirement benefits (Foster Rich v. Ralph W. Shrader, et al., No. 16-415, U.S. Sup.)....