Law.com Subscribers SAVE 30%

Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.

National Litigation Hotline

By ALM Staff | Law Journal Newsletters |
August 31, 2006

IBM's Cash Balance Plan Did Not Discriminate Against Older Workers

The U.S. Court of Appeals for the Seventh Circuit recently held that IBM's cash balance plan did not discriminate against older workers in violation of the Employee Retirement Income Security Act of 1974 (ERISA), as amended, where the terms of the plan were age-neutral. Cooper v. IBM Personal Pension Plan, No. 05-3588, 7th Cir. 2006.) In so ruling, a three-judge panel for the Seventh Circuit reversed a 2003 decision of the U.S. District Court for the Southern District of Illinois finding that IBM's cash balance plan violated ' 204 of ERISA, which prohibits reduction of an employee's benefit accrual rate based on age.

This premium content is locked for Entertainment Law & Finance subscribers only

  • Stay current on the latest information, rulings, regulations, and trends
  • Includes practical, must-have information on copyrights, royalties, AI, and more
  • Tap into expert guidance from top entertainment lawyers and experts

For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473

Read These Next
New York's Latest Cybersecurity Commitment Image

On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.

Law Firms are Reducing Redundant Real Estate by Bringing Support Services Back to the Office Image

A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.

Bit Parts Image

Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights

The Bankruptcy Hotline Image

Recent cases of importance to your practice.

How AI Has Affected PR Image

When we consider how the use of AI affects legal PR and communications, we have to look at it as an industrywide global phenomenon. A recent online conference provided an overview of the latest AI trends in public relations, and specifically, the impact of AI on communications. Here are some of the key points and takeaways from several of the speakers, who provided current best practices, tips, concerns and case studies.