D.C. CIRCUIT COURT OF APPEALS ORDERS PENSION PLAN TO PAY INTEREST ON “UNREASONABLY” DELAYED (45 DAYS!) PAYMENT OF LUMP SUM BENEFITS

In Stephens v. U.S. Airways Group, 644 F.3d 437 (D.C. Cir. 2011), plaintiffs were members of a defined benefit plan which allowed participants to receive their benefits in the form of a single lump sum or an annuity.  Plaintiffs elected to take their benefits in the form of a single lump-sum. 

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