menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Leadership News

>

Widow sues...
source image

Hrdive

3d

read

164

img
dot

Image Credit: Hrdive

Widow sues Coca-Cola under ERISA for former exec’s retirement benefts

  • The widow of a former Coca-Cola executive sued the company for withholding his retirement benefits under the Employee Retirement Income Security Act (ERISA).
  • The executive had enrolled in a 'Key Executive' retirement plan and a qualified pension plan, and designated his spouse to receive 100% of payments from the 'Key Executive' plan.
  • Following the executive's death, Coca-Cola refused to pay the widow the retirement benefits, claiming she was not the surviving 'spouse' under the Key Executive plan.
  • The lawsuit alleges that Coca-Cola's denial of benefits was inconsistent with the plan terms and the widow may be entitled to benefits under the doctrine of equitable estoppel.

Read Full Article

like

9 Likes

For uninterrupted reading, download the app