Ohio Federal Judge Calculates Prejudgment Interest Rate In Whipsaw Case

Ohio Federal Judge Calculates Prejudgment Interest Rate In Whipsaw Case

CINCINNATI - A federal judge in Ohio on July 29 calculated the prejudgment interest rate for retirees who prevailed on their claims that a cash-balance pension plan miscalculated their lump-sum payments by failing to apply a whipsaw calculation (William J. Schumacher v. AK Steel Corporation Retirement Accumulation Pension Plan, et al., No. 09-794, S.D. Ohio; 2013 U.S. Dist. LEXIS 105761).

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