5th Circuit: Top Hat Plan Participants Forfeited Rights With New Employment

Mealey's (January 8, 2018, 9:07 AM EST) -- NEW ORLEANS — Two participants in a retirement plan for top employees forfeited their rights to collect benefits after accepting new employment with a competitor within three years of retiring, a Fifth Circuit U.S. Court of Appeals panel ruled Jan. 4 (Earl E. Owen, et al. v. Western & Southern Life Insurance Company, et al., No. 16-31174, 5th Cir., 2018 U.S. App. LEXIS 210)....