7th Circuit Finds Pension Agreement Provided Vested Lifetime Benefits For Retirees

Mealey's (December 9, 2019, 12:01 PM EST) -- CHICAGO — A Seventh Circuit U.S. Court of Appeals panel Dec. 2 granted an employer’s motion for extension of time to file a petition for rehearing, a motion filed less than a week after the appellate panel affirmed a district court’s permanent injunction ordering the continuation of health insurance benefits for retirees and their families, finding that a 2002 agreement “unambiguously provided retirees vested lifetime health-care benefits” (Harold Stone, et al. v. Signode Industrial Group LLC, et al., No. 19-1601, 7th Cir., 2019 U.S. App. LEXIS 34501)....