Kaleida Health Pension Plan Conversion Benefit Losses ERISA Complaint

January 7, 2022

This class action, brought under the Employee Retirement Income Security Act (ERISA), concerns a conversion of pension benefit plans. The complaint alleges that the defendants—Kaleida Health, Kaleida Health Pension Growth Plan, Kaleida Health Retirement Plan Committee, and Kaleida Health’s Board of Directors—did not properly calculate the account conversions, so that some employees lost significant amounts of retirement benefits they had already earned.