(March 18, 2016, 2:53 PM EDT) -- CHICAGO — A retirement plan administrator did not err when interpreting the term “payable” as requiring an offset in benefits by the total value of benefits received by a plaintiff under a different plan administered by a previous employer, the Seventh Circuit U.S. Court of Appeals ruled March 16 (Roger Cocker v. Terminal Railroad of St. Louis Pension Plan for Nonscheduled Employees, No. 15-2690, 7th Cir.; 2016 U.S. App. LEXIS 4801)....