Court dismisses ERISA case against UPS - Pensions & Investments
A class action filed by former employees of United Parcel Service of America accusing the company of using out-of-date mortality tables to calculate pension benefits was dismissed.
U.S. District Judge Timothy C. Batten Sr. dismissed the ERISA suit against UPS and other related parties on Aug. 27, arguing that the plaintiffs failed "to exhaust administrative remedies" before taking its case to court.
As previously reported, the suit, filed on Jan. 31 in U.S. District Court in Atlanta by Timothy Brown, Ronnie Suveg and Joseph Bobertz, argued that the two UPS defined benefit plans used 1983 mortality data to calculate retiree benefits, which failed to account for people living longer and led to reduced benefits.
A class action filed by former employees of United Parcel Service of America accusing the company of using out-of-date mortality tables to calculate pension benefits was dismissed.
U.S. District Judge Timothy C. Batten Sr. dismissed the ERISA suit against UPS and other related parties on Aug. 27, arguing that the plaintiffs failed "to exhaust administrative remedies" before taking its case to court.
As previously reported, the suit, filed on Jan. 31 in U.S. District Court in Atlanta by Timothy Brown, Ronnie Suveg and Joseph Bobertz, argued that the two UPS defined benefit plans used 1983 mortality data to calculate retiree benefits, which failed to account for people living longer and led to reduced benefits.
