When it comes to retirement savings, most people would agree that it is a complicated and stressful issue. To help prepare, individuals around the country rely on a pension plan to help guarantee their long term savings. With so much riding on such policies, plan holders need to be fully aware of their policies and stay fully apprised as to the significant legal changes regarding retirement coverage.
CIGNA Corporation v. Amara (09-804) is a civil case that was appealed to the Supreme Court. The case stems from CIGNA employees bringing a suit against their employer 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. After reviewing the details of the policy change, 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 after CIGNA appealed the ruling, the Supreme Court heard the case as well.