Workers at Cornell University Seek SCOTUS Intervention on Retirement Plan Circuit Division (Communities - News & Events)
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Workers at Cornell University Seek SCOTUS Intervention on Retirement Plan Circuit Division | |
The case of Cunningham v. Cornell University, currently before the U.S. Supreme Court, revolves around the interpretation of the Employee Retirement Income Security Act (ERISA) and what plaintiffs must demonstrate to claim that a retirement plan fiduciary engaged in prohibited transactions. The plaintiffs, a group of current and former Cornell University employees, seek clarity on whether ERISA imposes additional requirements beyond its text. The dispute arises from an alleged circuit split in the interpretation of ERISA’s requirements. The employees argue that while certain circuit courts have found that plaintiffs must plead and prove additional elements and facts not explicitly stated in ERISA, others have not made such findings. Specifically, the 2nd Circuit, where the case originated, ruled that ERISA plaintiffs must demonstrate that an alleged prohibited transaction was unnecessary or involved unreasonable compensation. The Cornell employees failed to meet this requirement in alleging that the university engaged in prohibited transactions, according to the court. For more details please visit our website - https://hrviews.com/2024/07/19/workers-at-cornell-university-seek-scotus-intervention-on-retirement-plan-circuit-division/  | |
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| Target State: California Target City : Carlsbad Last Update : Jun 19, 2025 5:01 AM Number of Views: 33 | Item Owner : hrviews Contact Email: (None) Contact Phone: (None) |
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2025-06-21 (0.386 sec)