Pension Plan Participants Cannot Seek Recovery For Increase In Plan Assets

Mealey's (August 23, 2018, 12:23 PM EDT) -- WASHINGTON, D.C. — Participants in a pension plan are not permitted to seek recovery for an increase in the value of plan assets that occurred after the plan was terminated, the District of Columbia Circuit U.S. Court of Appeals said Aug. 21 in reversing a district court’s decision in favor of the participants (K. Wendell Lewis, et. al., v. Pension Benefit Guaranty Corp., No. 17-5068, D.C. Cir., 2018 U.S. App. LEXIS 23546)....