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Potential intraclass conflict does not defeat Illinois class action
  • Jorden Burt LLP
  • USA
  • May 17 2011

In Mezyk v. U.S. Bank Pension Plan (Feb. 11, 2011), the U.S. District Court for the Southern District of Illinois certified a class of over 8,000 participants in U.S. Bancorp’s pension plan.

Abuse of discretion standard of review applied to plan amendment decision
  • Jorden Burt LLP
  • USA
  • March 30 2011

As a result of a Plan amendment, a participant in a multi-employer employee benefit pension plan issued pursuant to a collective bargaining agreement (CBA), found that occupational disability benefits he had received for fifteen years were terminated.

Department of Labor proposes to amend the qualified default investment alternative regulation
  • Jorden Burt LLP
  • USA
  • December 2 2010

The Department of Labor has issued a proposed regulation that would add additional disclosure requirements related to target date retirement funds ("TDFs") and other similar investments offered in 401(k)-type pension plans by amending the qualified default investment alternative ("QDIA") regulation and the participant-level disclosure regulation.