ERISA Class Actions
Kansas City Attorneys: ERISA Class Actions
Although many people do not know it, the pension or retirement plans managed by their employers are protected by federal law. The Employee Retirement Income Security Act of 1974 — ERISA — was passed to protect employees’ retirement and pension plans from improper conduct by employers. At Stueve Siegel Hanson, in Kansas City, we have in-depth knowledge of the law on ERISA violations. When a retirement plan has been mismanaged by your employer, we do not hesitate to litigate aggressively. Our work includes many successful, large scale cases and class actions related to ERISA violations.
ERISA says that employers who have authority or control over a pension or retirement plan are accountable for the decisions they make regarding the plan. They have the duty to provide information about the plan and to make the right decisions under the law. Under ERISA, employees who lose benefits may be able to sue.
About ERISA Class Actions
Ongoing ERISA class actions typically concern employer actions like the conversion of traditional employee benefit pension plans into cash balance pension plans. This significantly decreases the value of benefits for long term older workers. Such reductions violate ERISA and may be the basis for a class action. Our law firm is currently investigating several retirement plans and is currently litigating a cash balance class action against Monsanto Corporation.
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