4th Circuit Upholds Employer’s Right To Amend Deferred Pay Plan’s Crediting Rate

(November 13, 2017, 10:32 AM EST) -- RICHMOND, Va. — An employer acted within its rights and did not violate the Employee Retirement Income Security Act when it amended a deferred compensation plan’s applicable crediting rate, affecting all, even retired, plan participants, a Fourth Circuit U.S. Court of Appeals panel ruled Nov. 8 (Jeffrey Plotnick, et al. v. Computer Sciences Corporation Deferred Compensation Plan for Key Executives, et al., No. 16-1606, 4th Cir., 2017 U.S. App. LEXIS 22500)....

Attached Documents

Related Sections