PBGC Properly Denied Shutdown Benefits, D.C. Circuit Rules

WASHINGTON, D.C. - The Pension Benefit Guaranty Corp. (PBGC) did not abuse its discretion in denying participants' requests for "shutdown" pension benefits, the District of Columbia Circuit U.S. Court of Appeals affirmed Jan. 11 (United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, AFL-CIO-CLC, et al., v. Pension Benefit Guaranty Corporation, No. 12-5116, D.C. Cir.; 2013 U.S. App. LEXIS 731).Full story on lexis.com