AT&T Pension Plan Shakes Off Retirees’ Fiduciary Breach Claims

A pair of retired AT&T employees waited too long to file claims that the AT&T pension benefit plan breached its fiduciary duties when it failed to inform them about a change allowing employees to collect early retirement at age 55, the Southern District of New York ruled.

A breach of fiduciary duty claim under the Employee Retirement Income Security Act must be brought within six years after the fiduciary could have cured the breach, or three years after the plaintiff knew of the violation—whichever is earlier.

The claims brought by Vincent C. Grosso and Patricia M. Wing are time barred ...