This article from Law.com–“Employment Law Forecast: Stormy Weather“–lists the cash balance pension plan litigation as one of the hot topics in 2005 for general counsels to keep an eye on:
. . . [I]n the wake of IBM’s massive settlement, other companies with pension plans are wondering whether they, too, could pay a steep price. Bank of America Corp., Allied Waste Industries Inc., Monsanto Company, and AT&T Corp. are among the companies that are defendants in class action suits that challenge cash-balance plans. GCs may soon be making a cost-benefit decision: Is the risk of class action litigation worth the savings from switching from a defined-benefit pension plan to a cash-balance or 401(k) plan?
(Link from George’s Employment Blawg.)