IN THE NEWS: Pullman & Comley Attorney George Kasper Comments on Supreme Court Ruling's Impact on Pension Plans
June 6, 2011
Pullman & Comley Attorney George Kasper, a member of the firm's Employee Benefits practice, was quoted in an article on the Supreme Court's recent ruling in Cigna Corp. v. Amara. The Court said that monetary damages may be available under the Employee Retirement Income Security Act (ERISA) "if employees can show that the companies failed to accurately describe changes to their pension plans, as required by the federal law, and the employees were harmed as a result," Connecticut Law Tribune editor Marie O'Grady reports.
According to George, the ruling clarifies the law for both employers and employees. "The Supreme Court said...an equitable remedy may be available to participants for what amounts to improper notice, which is a breach of fiduciary duty," he said.
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