“Overfunded Plans Can Face ERISA Suits, Feds Tell High Court”

“Overfunded Plans Can Face ERISA Suits, Feds Tell High Court”

The Employee Retirement Income Security Act allows for claims against pension plans that are overfunded, the federal government told the U.S. Supreme Court, weighing in on a battle between U.S. Bank and retirees looking to revive their suit against a plan that’s now in the black.