United States Seventh Circuit
Walker v. Monsanto Co. Pension Plan, 09-3637
In a class action lawsuit challenging the manner in which certain credits accrue in the defendant company's pension plan as inconsistent with a provision of the Employee Retirement Income Security Act (ERISA), district court's grant of defendant's motion for summary judgment is affirmed as the interest credits have no impact on the accrued benefit at normal retirement age and therefore have no effect on an employee's rate of benefit accrual, and Notice 96-8 and Revenue Ruling 2008-7 are wholly irrelevant to plaintiffs' claims.
Appellate Information
- Argued 04/20/2010
- Decided 07/30/2010
- Published 07/30/2010
Judges
- FLAUM
Court
- United States Seventh Circuit