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Notices of the age discrimination lawsuit and
consent forms were mailed on March 10, 2008 and June 19, 2008.
The second mailing went to approximately 950 current and former
employees of Solvay Pharmaceuticals, Solvay Solexis, and Solvay
Draka who were not included in the initial mailing.
Please read
the Notice
of Age Discrimination Lawsuit Concerning Benefits Under the
Solvay America Companies Pension Plan After 2005 for more
information.
To join the class, you must sign and return the Consent
Form before June 9, 2008 or before September 17, 2008 if you
are a current or former employee of Solvay Pharmaceuticals, Solexis
or Draka. Note: Please do not submit
the form posted on this website if you already received the Consent
Form in the mail. To confirm whether we received your Consent Form, please call
(toll free) 1-866-591-7255.
The Solvay case centers on the conversion of the Solvay America Companies
Pension Plan to a “cash balance plan,” which significantly
reduced future retirement benefits for employees. In the lawsuit,
the plaintiffs argue that the pension plan conversion is inconsistent
with statutory requirements and disclosure rules under ERISA and the
ADEA.
Below is the class definition for this lawsuit:
The class definition adopted by the District Court covers any and all persons
who:
- Are
current or former employees of subsidiaries of Solvay America, Inc.,
- Were
age 40 or more as of February 8, 2008; and
- Participated in the Solvay
America Companies Pension Plan before January 1, 2005, and have been
subject to the “Retirement Account
Balance Formula” on or after
January 1, 2005.
Attorneys handling the class action are:
- Stephen R. Bruce, Washington,
D.C., lead counsel
- Richard Honaker, Rock Springs,
WY
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