Dec 2, 2011
Court Says Plan Must Meet Obligations to Retiree Before Retrieving Funds Mistakenly Sent to Ex-Wife
A pension plan that mistakenly distributed half of a retiree’s pension to his ex-wife must pay the retiree what he is owed before the plan recovers a dime from the woman, the 2nd Circuit has decided. The pension plan argued that requiring it to pay before it had recovered the funds would be a violation of federal and state law.