Thursday, February 09, 2006

Duke Energy Charged with Age Discrimination or 1997 Pension Changes

Mike Drummond reports in The Charlotte Observor that six former and current employees of Duke Energy have filed a lawsuit charging that the company committed age discrimination and violated pension laws when it changed its retirement plan in the late 1990s. Seeking class action status, the plaintiffs claim that as the result of converting the pension plan to a cash balance plan unfairly harmed older workers in violation of the Employee Retirement Income Security Act and the Age Discrimination in Employment Act.

Source: "Duke sued over pension" Charlotte Observer (February 9, 2006)

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