Pension Plan Was Properly Terminated By Amendment, 6th Circuit Panel Determines

Mealey's (November 17, 2015, 2:05 PM EST) -- CINCINNATI — The Sixth Circuit U.S. Court of Appeals on Nov. 12 determined that a pension benefits plan was properly terminated and a beneficiary waived his rights under the plan by knowingly signing an amendment modifying the terms of his pension benefits (Albert H. Schempp v. GC Acquisition LLC, et al., No. 14-4076, 6th Cir.; 2015 U.S. App. LEXIS 19818).

(Unpublished opinion available. Document #54-151209-002Z.)

Albert Schempp filed suit in the U.S. District Court for the Northern District of Ohio against Glastic Corp., alleging that he...
To view the full article, register now.