William Mahoney v. Board of Trustees, Boston Shipping Association-International Longshoremen's Association, Afl-Cio Pension Plan
Court of Appeals for the First Circuit
1Opinion of the Court
BREYER, Chief Judge.
Between 1986 and 1990 the trustees of the Boston longshoremen’s pension plan significantly increased the size of retirement pensions. In doing so, they divided the increases unevenly, treating longshoremen who had already retired less favorably than those who were still working. Members of the former group claim that the trustees thereby violated the fiduciary duty they owe to already-retired longshoremen. See 29 U.S.C. §§ 1001-1461 (Employee Retirement Income Security Act (“ERISA”)). The district court granted summary judgment for the trustees. We affirm.
I
Facts
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