Bierley v. American Cast Iron Pipe Co.

George B. Bierley, Jr. brought an action to obtain pension benefits. The trial court granted defendant's motion for summary judgment. We affirm.

In September of 1941 Bierley entered the employ of the defendant American Cast Iron Pipe Company (ACIPCO). As an employee of ACIPCO he would be eligible for pension benefits if certain criteria are met. These benefits were paid from the Eagan Plan, a trust set up by John J. Eagan, for the benefit primarily of employees and their families.

The Eagan Plan used actuarial methods to determine the amount which must be contributed to it to pay promised…