LOW-IACOVINO v. THE BENEFIT PLAN COMMITTEE OF THE NONBARGAINED PRGRAM OF THE AT&T PENSION BENEFIT PLAN et al

Filing 86

AMENDED JUDGMENT by Judge Andre Birotte Jr.: IT IS ORDERED, ADJUDGED AND DECREED that Plaintiff Lorraine Low-Iacovino, as the surviving spouse of RANDY IACOVINO, deceased, is entitled to receive the Joint and Survivor Annuity pursuant to 29 U.S.C. Se ction 1055 from the date of the death of the decedent, 12/11/2014, and continuing for the rest of her life. Defendants The Benefit Plan Committee of the Nonbargained Program of the AT&T Pension Benefit Plan and Fidelity Services shall calculate and p ay to Plaintiff said annuity as provided by law, regulation and the terms of the Plan. Post-judgment interest, in the amount specified in 28 U.S.C. Section 1961, shall be paid on the portion of the award that consists of survivor annuity payments tha t accrued between 12/11/2014 and the date of the Amended Judgment (the "Past Annuity Amount"). The period of time for which post-judgment interest shall accumulate on the Past Annuity Amount shall be the period between the date of this Amen ded Judgment through the date payment is made on the Past Annuity Amount. No pre-judgment interest is awarded. IT IS FURTHER ORDERED that Defendants may withhold from the annuity payment to Plaintiff the sum of $5,082.14 as the amount erroneousl y overpaid to the decedent during his lifetime under the ten-per-cent enhancement of benefits in the Management Retirement Opportunity which allowed him to retire at an earlier age than that provided in the Plan and which should have terminated when he attained age 62. IT IS FURTHER ORDERED that defendants shall not withhold the sum of $47,064.21, or any other sum, claimed to have been overpaid to the decedent during his lifetime as a result of Defendants having paid him as a single-life annuitant rather than a joint annuitant. IT IS FURTHER ORDERED that the allowance and the amount of an award of attorneys' fees and costs to Plaintiff is deferred and shall be the subject of a separate Order. (gk)

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1 2 3 4 5 6 7 8 UNITED STATES DISTRICT COURT 9 CENTRAL DISTRICT OF CALIFORNIA 10 11 LORRAINE LOW-IACOVINO, Plaintiff, 12 13 AMENDED JUDGMENT v. 14 Case No.: CV 16-06614-AB (GJSx) THE BENEFIT PLAN COMMITTEE OF THE NONBARGAINED PROGRAM OF THE AT&T BENEFIT PLAN, et al., 15 16 17 Defendants. 18 19 The above-entitled cause came on regularly for bench trial on December 12, 20 2017, before the Honorable André Birotte, Jr., United States District Judge. Plaintiff 21 Lorraine Low-Iacovino appeared through her counsel of record, Mark H. Boykin. 22 Defendants sued herein as The Benefit Plan Committee of the Nonbargained Program 23 of the AT&T Pension Benefit Plan and Fidelity Services Center appeared through 24 their counsel of record, Stacey A. Campbell, Campbell Litigation. This matter arising 25 under the Employee Retirement Income Security Act, 29 U.S.C. § 1001, et seq., this 26 Court has original jurisdiction over the subject matter herein pursuant to 28 U.S.C. 27 28 1. 1 § 1331 and 29 U.S.C. § 1132(e)(2). Venue is proper in the Central District of 2 California as one or more parties is domiciled in said District. 3 The Court, having reviewed the administrative record submitted by the parties, 4 having read and considered the trial and reply briefs submitted by both sides and 5 having heard oral argument from counsel for all parties and, further, having issued its 6 Findings of Facts and Conclusions of Law dated December 20, 2017, and good cause 7 appearing, enters judgment in favor of Plaintiff and against Defendants as set 8 forth, infra. 9 IT IS ORDERED, ADJUDGED AND DECREED that Plaintiff Lorraine Low- 10 Iacovino, as the surviving spouse of RANDY IACOVINO, deceased, is entitled to 11 receive the Joint and Survivor Annuity pursuant to 29 U.S.C. § 1055 from the date of 12 the death of the decedent, December 11, 2014, and continuing for the rest of her life. 13 Defendants The Benefit Plan Committee of the Nonbargained Program of the AT&T 14 Pension Benefit Plan and Fidelity Services shall calculate and pay to Plaintiff said 15 annuity as provided by law, regulation and the terms of the Plan. 16 Post-judgment interest, in the amount specified in 28 U.S.C. § 1961, shall be 17 paid on the portion of the award that consists of survivor annuity payments that 18 accrued between December 11, 2014 and the date of the Amended Judgment (the 19 “Past Annuity Amount”). The period of time for which post-judgment interest shall 20 accumulate on the Past Annuity Amount shall be the period between the date of this 21 Amended Judgment through the date payment is made on the Past Annuity Amount. 22 No pre-judgment interest is awarded. 23 IT IS FURTHER ORDERED that Defendants may withhold from the annuity 24 payment to Plaintiff the sum of $5,082.14 as the amount erroneously overpaid to the 25 decedent during his lifetime under the ten-per-cent enhancement of benefits in the 26 27 Management Retirement Opportunity which allowed him to retire at an earlier age than that provided in the Plan and which should have terminated when he attained age 28 2. 1 sixty-two. IT IS FURTHER ORDERED that defendants shall not withhold the sum of 2 $47,064.21, or any other sum, claimed to have been overpaid to the decedent during 3 his lifetime as a result of Defendants having paid him as a single-life annuitant rather 4 than a joint annuitant. 5 IT IS FURTHER ORDERED that the allowance and the amount of an award of 6 attorneys’ fees and costs to Plaintiff is deferred and shall be the subject of a separate 7 Order. 8 IT IS SO ORDERED. 9 10 11 12 Dated: May 23, 2018 _______________________________________ HONORABLE ANDRÉ BIROTTE JR. UNITED STATES DISTRICT COURT JUDGE 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 3.

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