PBGC Pushes Back On Rehearing Request By Pension Plan Participants

Mealey's (November 13, 2020, 12:25 PM EST) -- CINCINNATI — In a Nov. 10 response to a recent request for rehearing or rehearing en banc, the Pension Benefit Guaranty Corp. (PBGC) tells the Sixth Circuit U.S. Court of Appeals that contrary to assertions by the petitioners, the panel’s September finding of no due process violation in the termination of a salaried pension plan does not conflict with Nachman Corp. v. PBGC, 446 U.S. 359 (1980) (Dennis Black, et al. v. Pension Benefit Guaranty Corp., No. 19-1419, 6th Cir.)....