The Supreme Court has asked the U.S. Solicitor General to weigh in on whether it should hear arguments in Smith vs. Aegon Companies Pension Plan.
Last November, the 6th Circuit Court of Appeals upheld a lower court decision in favor of Aegon, a global investment and insurance company with U.S. headquarters in Des Moines, Iowa.
On March 1, 2000, Robert Smith, an employee of Commonwealth General Corporation, which merged with Aegon, USA at the end of Smith’s career, retired with what he thought would be a lifetime monthly benefit of about $2,200, from two company-sponsored plans, as well as a lump-sum payment of about $155,000.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
