Supreme Court reviews pension plan suits

July 10, 2019

The U.S. Supreme Court will rule on whether pension beneficiaries can sue a retirement plan that lost money in its investments, regardless of the plan’s funded status.

Three cases have been brought before courts this year related to purported violations of the Employee Retirement Income Security Act of 1974 (ERISA), the statute that protects pension beneficiaries from losing their retirement assets. The Court’s ruling will determine whether Americans in defined benefit pension plans have the right to sue their fund’s fiduciaries for mismanaging assets, regardless of the plan’s funded status. 

Read about the spotlight case that has brought the issue to the attention of the highest court in the land.

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