Connecticut Employment Law Blog Insight on Labor & Employment Developments for Connecticut Businesses

Tag Archives: conversion

Followup on Amara v. CIGNA – Court Proposes Broad Relief, then Stays Judgment Noting Uncertainty in the ERSIA Law

By Daniel Schwartz on Posted in Litigation

A few months ago, I reported on the District Court’s decision in Amara v. CIGNA, an important class-action case on ERISA retirement benefits and on alleged misrepresentations made by the Company about retirement benefits.  Over the last few months, then, the court was asked to consider the issue of what is appropriate relief from the decision. … Continue Reading

Court: Retirement Plan Changes Ok, but Retirees Need Proper Notice and Disclosures

By Daniel Schwartz on Posted in Class Actions, Discrimination & Harassment, Human Resources (HR) Compliance, Litigation

Difficult, time-consuming, and expensive litigation with uncertain results – such as this case represents – is assuredly not a sensible way to manage the Nation’s retirement system for either employers or employees. Sadly, at least for now, litigation appears to be the only option available to them. In a 122 page opus on ERISA law… Continue Reading

Court: SNET’s Conversion to Cash Balance Plan Does Not Violate ERISA

By Daniel Schwartz on Posted in Litigation

First, a warning. If your eyes glaze over at discussing the difference between cash balance plans and defined benefit plans, this post is not for you.  However, for those employers who are considering converting their retirement plans or who have done so, a new case released this morning provides some much-needed guidance in Connecticut about… Continue Reading