U.S. Bancorp, Pension Plan Administrator Answer Class Suit Over Reduced Benefits

Mealey's (August 12, 2019, 6:54 PM EDT) -- MINNEAPOLIS — U.S. Bancorp and its pension plan administrator filed an answer on July 26 in a federal court in Minnesota denying plan participants’ claims that they violated the Employee Retirement Income Security Act by paying early retirees reduced benefits based on “unreasonable actuarial assumptions” (Janet Smith, et al. v. U.S. Bancorp, et al., No. 18-3405, D. Minn.)....