In an important win for plaintiffs in ERISA cases, the Third U.S. Circuit Court of Appeals has ruled that the “doctrine of ratification” cannot be used to justify retroactive application of a change to a pension plan if it would have the effect of reducing a worker's accrued benefits.
Big Win For ERISA Plaintiffs
In an important win for plaintiffs in ERISA cases, the Third U.S. Circuit Court of Appeals has ruled that the "doctrine of ratification" cannot be used to justify retroactive application of a change to a pension plan if it would have the effect of reducing a worker's accrued benefits.
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