High Court Denies Review Of ERISA Anti-Cutback Rules

(October 13, 2015, 9:47 AM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on Oct. 5 let stand a Third Circuit U.S. Court of Appeals ruling that United Refining Co. violated the anti-cutback rule of the Employee Retirement Income Security Act by reinterpreting its pension plan to include an actuarial adjustment for participants who took benefits before turning 65 (United Refining Company, et al. v. John Cottillion, et al., No. 15-66, U.S. Sup.).

United Refining Co.’s petition for writ of certiorari asked the Supreme Court to hold that the Third Circuit erred...
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