Employee Benefit News
Shareholder Darren E. Nadel discusses Tomlinson v. El Paso Corp., in which the United States Court of Appeals for the Tenth Circuit recently held that El Paso Corporation’s transition to a cash balance pension plan did not violate federal anti-age discrimination and pension laws. “The Tenth Circuit’s decision provides helpful guidance to any employer that offers pension benefits,” Nadel writes. “In particular, the decision highlights the importance of making sure that any plan change is accompanied by straightforward, honest disclosures to employees.”
