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Beck v. PACE Int’l Union

Docket No.: 05-1448
Certiorari Granted: Jan 19 2007
Argued: April 24, 2007
Decided: June 11, 2007

Topics:

Bankruptcy, ERISA, fiduciary obligations, pension plan, preliminary injunction, Union

PartyNames: Jeffrey H. Beck, Liquidating Trustee of the Estates of Crown Vantage, Inc. and Crown Paper Company v. PACE International Union, et al.
Petitioner: Jeffrey H. Beck, Liquidating Trustee of the Estates of Crown Vantage, Inc. and Crown Paper Company
Respondent: PACE International Union, et al.

Court Below: United States Court of Appeals for the Ninth Circuit

Jeffrey H. Beck, Liquidating Trustee of the Estates of Crown Vantage, Inc. and Crown Paper Company
v.
PACE International Union, et al.
551 U.S. 96 (2007)
Question Presented:

Whether a pension plan sponsor's decision to terminate a plan by purchasing an annuity, rather than to merge the pension plan with another, is a plan sponsor decision not subject to ERISA's fiduciary obligations.

Question:

Does the Employee Retirement Income Security Act of 1974 require an employer to consider merging an employee pension plan into a multiemployer pension plan prior to terminating the plan?

Holding: judgment reversed and remanded
Vote: 9-0
Opinion By:
Read BECK V. PACE INT’L UNION opinion (PDF)
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