Plan Did Not Abuse Discretion By Denying Rollover Distribution, 6th Circuit Says

Plan Did Not Abuse Discretion By Denying Rollover Distribution, 6th Circuit Says

CINCINNATI - A pension plan did not act arbitrarily and capriciously by denying a participant's request for a rollover distribution of the balance in his plan to an individual retirement account (IRA), the Sixth Circuit U.S. Court of Appeals affirmed July 5 in an unpublished opinion, concluding that the plan reasonably interpreted the plan to not authorize a lump-sum distribution to the participant (William J. Scheib v. Retirement Program Plan for Employees of Certain Employers at the U.S. Department of Energy Facilities at Oak Ridge, Tennessee, et al., No. 10-6150, 6th Cir.; 2012 U.S. App. LEXIS 13751).

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