Sunday, May 9, 2010

Duke seeks to dismiss worker retirement suit | greenvilleonline.com | The Greenville News

Duke seeks to dismiss worker retirement suit | greenvilleonline.com | The Greenville News:

BY DAVID DYKES • STAFF WRITER • MAY 9, 2010

"The plaintiffs allege Duke violated federal law when it converted from a traditional defined benefit plan, which offers workers fixed benefits based on the number of years they worked, to a cash balance plan, in which employees' benefits grow by a percentage of their pay plus interest each year."

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