7th Circuit Holds Compensation Under Benefits Plan Excluded Commissions

Mealey's (September 18, 2018, 12:13 PM EDT) -- CHICAGO — After determining that a former loan officer’s commissions were not considered when determining his monthly pension calculation and that commissions were excluded under a defined-benefits plan, the Seventh Circuit U.S. Court of Appeals on Sept. 17 affirmed a district court’s summary judgment ruling for the administrator of the plan (Wessley Gunchick v. Bank of America, N.A., No. 18-1420, 7th Cir., 2018 U.S. App. LEXIS 26192)....