Retirement Plan Does Not Include Guaranteed Death Benefits, Panel Affirms

Mealey's (November 11, 2019, 8:24 PM EST) -- SAN FRANCISCO — The Ninth Circuit U.S. Court of Appeals on Oct. 28 affirmed a district court’s ruling in favor of retirement plan defendants, agreeing with the lower court’s conclusion that the retirement plan at issue clearly does not include a guaranteed death benefit (Susan K. Black, et al. v. Greater Bay Bancorp Executive Supplemental Compensation Benefits Plan, et al., Nos. 18-15296, 18-15730, 9th Cir., 2019 U.S. App. LEXIS 32262)....