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ERISA plan can decide ‘normal retirement age’ (access required)

Published: July 6, 2009

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A retirement plan didn’t violate ERISA by calculating an employee’s benefits based on a “normal retirement age” that differs from typical retirement patterns, the 7th Circuit has ruled in affirming judgment. The defendant is a defined-benefit plan that provides a company’s employees with the option of taking a lump-sum distribution of pension benefits when they quit ...
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