Stay Informed with CUTimes

Thanks for subscribing, you will start receiving the Daily News Alert tomorrow!

Supreme Court Next for CUNA Mutual Retirees’ Appeal

In a ruling involving the possible elimination of subsidy of health insurance premiums, an attorney representing several CUNA Mutual Group retirees is planning to appeal to the Supreme Court of the United States.

Last summer, a lower court said that CUNA Mutual did not violate provisions of the Employee Retirement and Income Security Act and the retirees did not have a legal right to prevent the company from eliminating its subsidy of health insurance premiums.

According to the ruling, accumulated sick pay the retirees believed would be put toward those premiums were included in the subsidy.

In a statement, Rick Uhlmann, CUNA Mutual senior manager of media relations, said the latest appeal is not a case that merits review by the U.S. Supreme Court. An appeals court had previously upheld a lower court’s decision that ruled in favor of CUNA Mutual.

“We are pleased the federal courts in Madison and Chicago dismissed this case, and confirmed CUNA Mutual Group did not violate the law when it made the difficult decision to end subsidies for retiree health coverage,” Uhlmann said.

Comments

More News

Resource Center

View All »

Winning the War on Cybercrime: The Four Keys to Holistic...

This white paper examines the importance of adapting to changes in fraud attacks without significant...

FFIEC Proposed Guidance on Social Media and How it Affects...

To learn how you and your institution can stay compliant with the new proposed FFIEC...

The Rise of "Mobile Commerce" and How it Affects YOU!

Could plastic cards become a thing of the past? This white paper explains what constitutes...

Key Indicators of High Performing Credit Unions

Get a complimentary demo of our loan portfolio analytics and access to the white paper,...

CUT Daily eNews

Credit Union Times delivers breaking news and information you need to make the right decision for your organization - FREE. Sign up now!

Career Listings
Recent Career Listings
Browse Career Listings

Advertisement. Closing in 15 seconds.