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RETIREMENT AND SEC. PROGRAM v. OGLETHORPE POWER

Civ. A. No. 88-0279.

712 F.Supp. 223 (1989)

RETIREMENT AND SECURITY PROGRAM FOR EMPLOYEES OF NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION and its Member Systems, Plaintiff, v. The OGLETHORPE POWER CORPORATION RETIREMENT INCOME PLAN, Defendant.

United States District Court, District of Columbia.

April 25, 1989.

Attorney(s) appearing for the Case

John Jay Range, Washington, D.C., for plaintiff.

William M. Hames and Thomas A. Cox, Atlanta, Ga., Willard Tom and Lee H. Pelton, Washington, D.C., for defendant.

MEMORANDUM AND ORDER

REVERCOMB, District Judge.

The plaintiff in this case seeks a declaratory judgment that it owes the defendant only "accrued" benefits generated by a retirement savings plan to which the defendant belonged from 1977-1985. The defendant, which has counterclaimed, argues that it is entitled to more money than the accrued benefits earmarked by the plaintiff for distribution to Oglethorpe's employees because it paid a substantially larger...

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