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ALBRECHT v. COMMITTEE ON EMPLOYEE BENEFITS

No. 02-5325.

357 F.3d 62 (2004)

Anne K. ALBRECHT, et al., Appellants, v. COMMITTEE ON EMPLOYEE BENEFITS OF THE FEDERAL RESERVE EMPLOYEE BENEFITS SYSTEM, et al., Appellees.

United States Court of Appeals, District of Columbia Circuit.

Decided February 10, 2004.

Attorney(s) appearing for the Case

Philip J. McNutt argued the cause for appellants. With him on the briefs were Michael P. Bentzen, Nicholas Woodfield, Glenn A. Mitchell, and David U. Fierst.

Paul J. Ondrasik Jr. argued the cause for appellees. With him on the brief were Katherine H. Wheatley, Assistant General Counsel, Board of Governors of the Federal Reserve System, Morgan D. Hodgson, and Alice E. Loughran.

Before: GINSBURG, Chief Judge, and ROGERS and TATEL, Circuit Judges.

Opinion for the Court filed by Circuit Judge TATEL.

TATEL, Circuit Judge:

Claiming breach of fiduciary duty and unjust enrichment, employees of the Board of Governors of the Federal Reserve System seek the return of mandatory contributions that they made into a defined-benefit pension plan after actuaries determined the plan was well-funded. They also seek to terminate their obligation to make future contributions. The district court dismissed the claims for...

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