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Supreme Court declines to hear Verizon case on pension fund switch

2015-06-02 16:53:43| IT Services - Topix.net

The U.S. Supreme Court declined to hear a case filed by retirees of Verizon Communications Inc., New York, claiming they and other employees were involuntarily switched from Verizon's pension fund to a spinoff company. The ERISA class action, originally filed in a U.S. District Court in Dallas in November 2009, charged that they were switched without their knowledge or consent to a pension fund run by Dallas-based Idearc Inc., a Verizon spinoff company that filed for Chapter 11 bankruptcy in March 2006.

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