Participants Entitled to Enhanced Pension Plan Benefits After Termination with Controlled Group Member Post-Change in Control: Eighth Circuit | Practical Law
In Knowlton v. Anheuser-Busch Companies Pension Plan, the US Court of Appeals for the Eighth Circuit held that a class of former salaried employees who participated in their company's pension plan were entitled to enhanced pension benefits under the plan because they were involuntarily terminated from employment with a member of the company's controlled group within three years of a change in control, regardless of the fact that they continued working in the same position.