Employee benefits

The 3rd US Circuit Court of Appeals at Philadelphia ruled that a claim for relief arose for retired employees of Unisys Corp when the company terminated post-retirement medical benefits even though it had a contractual right to do so. The claim is founded in a potential breach of fiduciary duty unde...

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Bibliographic Details
Published inABA journal Vol. 82; p. 48
Main Author Wharton, Joseph
Format Magazine Article
LanguageEnglish
Published Chicago American Bar Association 01.01.1996
Subjects
Court decisions
Employees
Fiduciary responsibility
Health insurance
Retirement benefits
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Summary:The 3rd US Circuit Court of Appeals at Philadelphia ruled that a claim for relief arose for retired employees of Unisys Corp when the company terminated post-retirement medical benefits even though it had a contractual right to do so. The claim is founded in a potential breach of fiduciary duty under the Employee Retirement Income Security Act of 1974.
Bibliography:ObjectType-News-1
content type line 24
SourceType-Magazines-1
ISSN:0747-0088
2162-7983