Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Following a corporate merger, an employee received several written communications from the company stating that the date of first service that would be used in

"Following a corporate merger, an employee received several written communications from the company stating that the date of first service that would be used in computing his pension benefit was 1980. This was the year in which the employee had begun to work for a company that was subsequently acquired by his present employer. Based on the information received, the employee determined that he would be able to retire with a full pension in 2005 and that his wife could afford to go ahead and retire from her job at the end of 2003. Shortly after the wife's retirement, and in the face of an impending lay-off, the employee requested a pension benefit calculation from the company. They first sent an estimate of $1,469.25, based on the 1980 start date. Two weeks later, the company sent a re-vised pension worksheet that indicated less than fifteen years of total service and a monthly pen-sion benefit of $880.54. In fact, plan documents provided that the merger date of 1998 would be used to determine length of service for pen-sion purposes. Did the employer violate ERISA through misrepresentations that were relied on in making the decision for the wife to retire?"

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contract Law Text Cases And Materials

Authors: Ewan McKendrick

10th Edition

0192856545, 978-0192856548

More Books

Students also viewed these Law questions