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DUNCAN v. MUZYN

No. 15-6019.

833 F.3d 567 (2016)

Jerry DUNCAN, et al. Plaintiffs, Charles T. Evans; David McBride; Ronald E. Farley; Larry J. Simpson; Robert B. Bonds; Steve Hinch, Plaintiffs-Appellants, v. Leonard J. MUZYN, et al., Defendants, Tennessee Valley Authority Retirement System; Tennessee Valley Authority, Defendants-Appellees.

United States Court of Appeals, Sixth Circuit.

Decided and Filed: August 12, 2016.

Attorney(s) appearing for the Case

ARGUED: Michael J. Wall , Branstetter, Stranch & Jennings, PLLC, Nashville, Tennessee, for Appellants. James S. Christie, Jr. , Bradley Arant Boult Cummings LLP, Birmingham, Alabama, for Appellee Tennessee Valley Authority Retirement System. Edward C. Meade , Tennessee Valley Authority, Knoxville, Tennessee, for Appellee Tennessee Valley Authority. ON BRIEF: Michael J. Wall , James G. Stranch, III , R. Jan Jennings , Joe P. Leniski, Jr. , Michael G. Stewart , Branstetter, Stranch & Jennings, PLLC, Nashville, Tennessee, for Appellants. James S. Christie, Jr. , Bradley Arant Boult Cummings LLP, Birmingham, Alabama, Edmund S. Sauer , Bradley Arant Boult Cummings LLP, Nashville, Tennessee, for Appellee Tennessee Valley Authority Retirement System. Edward C. Meade , Edwin W. Small , Frances Regina Koho , Tennessee Valley Authority, Knoxville, Tennessee, for Appellee Tennessee Valley Authority.

Before: SILER, ROGERS, and SUTTON, Circuit Judges.

OPINION

Public and private pension plans alike often include cost-of-living adjustments to base benefits so that plan participants can receive the real value of those benefits. One way to calculate such adjustments is to make them dependent on yearly changes in the consumer price index. For more than four decades...

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