In Re Litigation Arising From the Termination of the Retirement Plan for Employees of Fireman's Fund Insurance

OPINION AND ORDER

In 1957, the American Insurance Company, the American Automobile Insurance Company, and the Associated Indemnity Corporation (the Affiliated Companies) established a revised retirement plan for their employees (TARP). After the acquisition of the Affiliated Companies by Fireman’s Fund Insurance Company (FFIC) in 1964, TARP was amended and “frozen,” thereby requiring its participants to make no further contributions to the plan. Thereafter, later employees of the companies became participants in a different retirement plan, not at issue herein.

TARP expressly provides that the…