Preliminary OK Sought For $5.5M Settlement Of ERISA Pension Transfer Dispute

Mealey's (May 6, 2022, 7:39 AM EDT) -- DETROIT — A retired employee on March 28 moved in a Michigan federal court for certification of a conditional settlement class and preliminary approval of a $5.5 million settlement in her suit against Detroit Edison Co. (DTE) and related entities challenging the calculation of pension benefits under the Employee Retirement Income Security Act following transfer to a cash balance plan....