Pension Plan Amendment Pursuant to PPA Doesn’t Violate Fifth Amendment, Court Says

2014-05-07T17:30:31-07:00May 7th, 2014|Categories: Pension Funding|Tags: , , |

A multiemployer pension plan in critical status didn’t violate provisions of the U.S. Constitution when it was amended to eliminate an early-retirement subsidy as part of a rehabilitation plan filed pursuant to the Pension Protection Act, the U.S. District Court for the Eastern District of Washington ruled. In a May 2 opinion, Judge Lonny R. Suko claims by a pair of plan participants that the amendment–that eliminated an early-retirement scheme whereby a participant could receive full benefits before reaching [...]