Retiree Appeals ERISA Annuity Case Over Mortality Tables To 1st Circuit

Mealey's (May 26, 2022, 1:20 PM EDT) -- BOSTON — Challenging a ruling that a portion of the Employee Retirement Income Security Act “does not impose a requirement that an ‘actuarially equivalent’ benefit must be based on ‘reasonable’ actuarial assumptions,” a retiree on May 23 told the First Circuit U.S. Court of Appeals that “Courts analyzing ERISA’s actuarial equivalence requirement have uniformly held that reasonable assumptions must be used.”...