Supreme Court Upholds the Primacy of ERISA Plan

more+
less-

In a unanimous decision, the U.S. Supreme Court has held that under ERISA, plan administrators must distribute plan assets in accordance with the terms of lawful plan documents without regard to a waiver of benefits contained in a divorce decree. In Kennedy v. Plan Administrator for DuPont Savings & Investment Plan, the plan administrator distributed the proceeds from a savings plan to a deceased employee’s ex-wife who was listed as the beneficiary on the plan documents despite the fact that she had earlier waived all rights to the benefits in a divorce decree.

LOADING PDF: If there are any problems, click here to download the file.


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Littler | Attorney Advertising

Written by:

more+
less-

Littler on:

JD Supra Readers' Choice 2016 Awards
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×