Legal Issues in Terminations of Single-Employer Pension Plans : Beck v. PACE International Union.

Format:

Book

Government document

Author/Creator:

Library of Congress. Congressional Research Service.

Language:

English

Subjects (All):

Finance--Law and legislation.

Finance.

Industrial relations.

Pensions.

Physical Description:

1 online resource (6 pages, digital, PDF file)

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2007.

System Details:

text file

Summary:

Examines legal issues regarding the termination of single-employer pension plans by reviewing Beck v. PACE International Union, a case that examined whether the decisions of Crown Vantage, Inc. and Crown Paper Co. to terminate their pension plans in bankruptcy proceedings breached the fiduciary duty owed under the Employee Retirement Income Security Act to plan participants and beneficiaries by failing to adequately consider the option of merging their pension plans with a multiemployer plan. Summarizes Supreme Court finding.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Dec. 2010). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress. Congressional Research Service. Legal Issues in Terminations of Single-Employer Pension Plans

Access Restriction:

Restricted for use by site license.