Supreme Court Skeptical of Shortening Time Frame for Pension Plan Members to Sue

Supreme Court Skeptical of Shortening Time Frame for Pension Plan Members to Sue
The Supreme Court is seen under stormy skies in Washington on June 20, 2019. J. Scott Applewhite/AP
Matthew Vadum
Updated:

WASHINGTON—Supreme Court justices seemed unreceptive to arguments by retirement plan managers that a six-year limitation for plan participants to sue over mishandling investments should be halved if participants had “actual knowledge” of the misbehavior complained of sooner.

The case is known as Intel Corporation Investment Policy Committee v. Christopher M. Sulyma. Santa Clara, California-based Intel Corp. itself isn’t a party to the proceeding, which was originally brought in 2015 as a class-action lawsuit by Sulyma, a former Intel engineer.