The United States Supreme Court will not consider Smith vs. AEGON Companies Pension Plan, a case that called into question the viability of a venue selection provision in a retirement plan document.
In that case, a retiree in a defined benefit pension plan in a company that ultimately merged with AEGON had a substantial amount of benefits clawed back after AEGON informed him that he had been receiving more than $1,000 a month in extra retirement benefits for more than 10 years.
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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.
