This is shaping up to be a bad month for cash balance plans. A class action has been filed against Colgate-Palmolive in the southern district of Ohio alleging that its cash balance plan failed to perform the “whipsaw” calculation required to compute proper lump-sum payments. The complaint states that the proposed class numbers “at least” in the hundreds.
Colgate-Palmolive Cash Balance Plan Sued
August 14th, 2007 · No Comments
Tags: New suits · Cash Balance
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