Tuesday, October 27, 2009

Deere & Co Wins ERISA Class Action Lawsuit

A federal district court in Iowa recently ruled that Deere & Co. did not violate ERISA when it redesigned its health benefits for certain retirees. The retirees alleged in the lawsuit that the company reneged on its promise of full health coverage. However, the district court found, in Brubaker et al. v. Deere & Co., that the company and its summary plan documents made it clear to the plaintiffs that their retiree health benefits could be amended, modified or terminated.

For a more detailed discussion of this case, see Employee Benefit News: