Supreme Case Rules on Groundbreaking CIGNA Corpv. Amara
Retirement savings can be a complicated and stressful issue. Employees typically rely on a pension plan to help guarantee their long term savings. With so much riding on retirement policies, plan holders need to be fully aware of their policies and stay apprised as to the significant legal changes regarding retirement coverage.
CIGNA CORP v. Amara is a civil case that stemmed from CIGNA employees bringing suit against CIGNA for changes made to their ERISA (Employee Retirement Income Security Act) plan. The company notified employees of the change via the company newsletter, which suggested that the changes would lead to greater benefits to employees.
The employees contended that such improvement did not exist and took their objections to court. The case was originally heard in a district court, which sided with Amara et. al., and CIGNA appealed to the Supreme Court.
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