Businesses win at U.S. Supreme Court in pension plan dispute

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US - The US Supreme Court sided with businesses in a dispute over the meaning of ambiguous pension plans, ruling that a federal trial judge should have deferred to Xerox Corp.'s interpretation of its plan.

The justices, voting 5-3, overturned a lower court ruling favoring more than 100 Xerox employees who were rehired by the company after they left and received pension distributions. The employees sa...

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