Benefits & Executive Compensation News

Washington University Takes Aim at Retirement Plan Appeal

June 18, 2019, 4:55 PM

A challenge to Washington University’s retirement plan shouldn’t be revived just because employees at the University of Pennsylvania successfully revived a similar case, the St. Louis-based school told a federal appeals court.

Last month’s decision favoring the Penn employees was wrongly decided and isn’t binding in the Eighth Circuit, Wash U told that court in a June 17 letter. And if Penn succeeds in its effort to have the case reheard, the Wash U employees’ reliance on that decision will be moot, the school said.

The back-and-forth is fallout from the Third Circuit’s May 2 decision allowing the Penn employees...

To read the full article log in. To learn more about a subscription click here.