Michael R. Hamilton, Individually and on Behalf of All Other Persons Similarly Situated v. Caterpillar Incorporated, a Delaware Corporation
Court of Appeals for the Seventh Circuit
1Opinion of the Court
CUDAHY, Circuit Judge.
In January 1986, Caterpillar announced that it was thinking about closing its plants in Davenport and Bettendorf, Iowa. Soon thereafter, Caterpillar began negotiations with Local 215 of the United Automobile, Aerospace and Agricultural Implement Workers of America, which represented Caterpillar’s employees at the Iowa plants. As a result of the negotiations, in July 1986 Caterpillar agreed to establish a Special Early Retirement Program when and if the plants closed. Caterpillar’s existing pension plan provided early retirement benefits to workers 60 years or older with…
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