DuPont Loses Appeal Over Retiree’s Pension Benefits

DuPont Co. must recalculate a retiree’s pension benefits using a formula adopted in his divorce judgment instead of the one provided in the company’s pension plan (Matthews v. E.I. DuPont De Nemours & Co., 2017 BL 81947, 3d Cir., No. 16-3237, unpublished 3/16/17).

The U.S. Court of Appeals for the Third Circuit reversed March 16 a district court decision that upheld DuPont’s pension benefit calculation for the retiree, who worked for the company for 40 years, and for his ex-wife, who was entitled to benefits under a qualified domestic relations order. In calculating the benefits, DuPont ...