Employee Benefits Update

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Sep 9

Employee Benefits Update

Linda Chan

September 9, 2006

Know More: Benefits 2.0, Benefits

In United States v. Novak, 441 F.3d 819 (9th Cir. 2006), the court ruled that ERISA pension benefits can be garnished under the Mandatory Victims Restitution Act (MVRA). The defendant was sentenced to 24 months imprisonment and ordered to pay $3.4 million in restitution following a guilty plea to charges of conspiracy to transport stolen goods and filing false income tax returns. After sentencing, the government requested that a writ of garnishment be issued against the defendant’s former employer for $142,245 in pension benefits. The defendant objected that ERISA prohibited the garnishment. MVRA §3613 states “notwithstanding any other federal law” all property may be garnished. The Ninth Circuit held that Congress intended restitution orders to be enforced like tax liens. Tax liens are enforceable against ERISA pension benefits.

In McAfee v. Metro. Life Ins. Co., 2006 U.S. Dist. LEXIS 33070 (E.D. Cal. May 24, 2006), the court held that plaintiff’s performance-based stock options should be considered “predisability earnings” that are included in the calculation for benefits. The plaintiff participated in an executive incentive compensation program. The program included various benefits such as disability insurance. The plaintiff was injured and learned that stock options would not be considered earnings for calculating the amount of benefits he would receive. A federal district court ruled that the disability plan administrator violated ERISA by failing to include the plaintiff’s stock options in its calculation of disability benefits. The stock options qualified as earnings.

related entries

401(k) Fiduciary Relief Nov 5, 2007
Contractor Insurance Oct 17, 2007
401(k) Reasonable Administrative Fee Oct 14, 2007
Social Security Mismatch Oct 6, 2007
Washington State on Unemployment Sep 29, 2007

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