2nd Circuit: ERISA Allows For Recalculation Of Benefits In Plan Lawsuit

Mealey's (January 7, 2020, 7:36 AM EST) -- NEW YORK — The Employee Retirement Income Security Act allows for the reformation of a plan and recalculation of benefits as relief in a lawsuit by former employees of PricewaterhouseCoopers LLP (PwC) where a retirement plan’s terms were found to violate ERISA, a Second Circuit U.S. Court of Appeals panel ruled Dec. 23 (Timothy D. Laurent, et al. v. PricewaterhouseCoopers LLP, et al., No. 18-487, 2nd Cir., 2019 U.S. App. LEXIS 38178)....