Law360 (October 1, 2020, 7:20 PM EDT) — An Alabama federal judge let Allstate off the hook in two proposed ERISA class actions claiming the insurer wrongly terminated lifetime insurance benefits for certain retirees, ruling the insurer was within its rights.
In her opinion Wednesday, U.S. District Judge Emily C. Marks granted Allstate Insurance Co. summary judgment in the Employee Retirement Income Security Act suits brought by former employees challenging the insurer’s decision to cancel retiree life insurance benefits.
Judge Marks found the governing plan documents unambiguously reserved the insurer’s ability to modify the benefits and explicitly said plan participants didn’t have vested rights. Moreover, the judge agreed with…
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Lisa Feldman of Orono is a University of Maine System retiree.
When I turned 70, I retired from the University of Maine System. It was a great place to work, but not the high road to riches. I’m typical. As a library worker, I had to be competent in customer service, record-keeping systems, and computer hardware and software fundamentals. I also had to understand the basics of relational database architecture, cataloguing rules and information literacy. It was clerical work, but not unskilled. There have been several raises since I retired. Yet, if I started work tomorrow, I’d make a dollar and change above minimum wage.
Whenever employees complained about skimpy pay, university system administrators objected that “compensation” consisted of benefits as well as salary.