Hirt v. Equitable Retirement Plan for Employees
This Second Supplementary Decision and Order for Judgment addresses three key issues: the effective date of Equitable's cash balance plan, the applicable statute of limitations, and the implementation of prior rulings. The court established January 18, 1993, as the effective date for the cash balance plan. Crucially, it ruled that the named plaintiffs' class action, filed on August 23, 2001, was time-barred under New York's six-year statute of limitations, as their cause of action accrued on January 18, 1993. However, the decision clarified that class members not directly party to this lawsuit are not bound by this limitation and retain their right to pursue claims. Finally, the plaintiffs' request for an ombudsman role in judgment implementation was denied.