Benefits & Executive Compensation News

AARP Backs USC Retirement Plan Participants in Arbitration Row

Jan. 5, 2018, 2:27 PM

AARP is urging a federal appeals court to hold that the University of Southern California can’t force retirement plan participants to take their claims of fiduciary breach to arbitration.

AARP asked the U.S. Court of Appeals for the Ninth Circuit in a brief filed Jan. 4 to affirm a district court ruling that USC arbitration agreements didn’t extend to claims of fiduciary breach under the Employee Retirement Income Security Act because the agreements weren’t incorporated into the plan nor signed by anyone with authority to bind the plan.

The brief...

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