ABSTRACT

Foxes, Henhouses, and Pension Plans: Supreme Court Concludes Pensioners Receiving Promised Benefits Can't Sue for Retirement Plan Mismanagement [June 30, 2020]   [open pdf - 730KB]

From the Document: "In early June 2020, the Supreme Court handed down its decision in 'Thole v. U.S. Bank' concerning the ability of pension plan participants to sue plan fiduciaries who engage in alleged misconduct. In 'Thole,' the Court's majority held, in a 5-4 decision, that pensioners receiving the full amount of their retirement benefits lacked standing to sue plan fiduciaries for self-dealing and mismanagement of pension plan investments. This Legal Sidebar provides background on federal pension plan regulation under the Employee Retirement Income Security Act (ERISA) and standing to sue in federal courts; discusses the Court's decision in 'Thole'; and concludes with selected legal considerations for Congress."

Report Number:
CRS Legal Sidebar, LSB10506
Author:
Publisher:
Date:
2020-06-30
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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