8th Circuit Upholds Ruling For Service Provider In ERISA Crediting Rate Row

Mealey's (September 6, 2022, 11:16 AM EDT) -- ST. LOUIS — Quoting Collins v. Pension & Ins. Comm. of S. Cal. Rock Prods. & Ready Mixed Concrete Ass’ns in agreeing with the Ninth Circuit that the Employee Retirement Income Security Act “‘does not create an exclusive duty to maximize pecuniary benefits,’” an Eighth Circuit U.S. Court of Appeals panel on Sept. 2 upheld judgment in favor of a service provider in a suit over the crediting rate for a guaranteed return insurance product....

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