Supreme Court hears oral argument in Erisa Fiduciary case

The Supreme Court this morning heard oral arguments in the ERISA fiduciary case of Beck v. Pace International Union. The question presented is whether a pension plan sponsor's decision to terminate a plan by purchasing an annuity, rather than to merge the pension plan with another, is a plan sponsor decision not subject to ERISA's fiduciary obligations.Here is a copy of the transcript.

You can read the parties' briefs here.