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Young v. Verizon's Bell Atlantic Cash Balance Plan (7th Cir. 2010)

Articles Discussing Case:

The Case of the Billion-Dollar Typo

Fisher Phillips • November 03, 2010
A recent decision by a U.S. Court of Appeals allowed a company to retroactively correct a scrivener's error in their cash balance plan document and avoid having to pay out a whopping $1.67 billion in extra benefits to plan participants. In its decision, the court stated: "People make mistakes. Even administrators of ERISA Plans."

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