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TEUFEL v. NORTHERN TRUST CO.

Nos. 17-1676, 17-1677.

887 F.3d 799 (2018)

James P. TEUFEL, Plaintiff-Appellant, v. The NORTHERN TRUST COMPANY, et al., Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided April 11, 2018.

Attorney(s) appearing for the Case

Luke DeGrand , Tracey L. Wolfe , Attorneys, DEGRAND & WOLFE, P.C., Chicago, IL, Jerome J. Schlichter , Sean E. Soyars , Attorneys, SCHLICHTER, BOGARD & DENTON, LLP, St. Louis, MO, for Plaintiff-Appellant.

Amanda S. Amert , Craig C. Martin , Attorneys, JENNER & BLOCK LLP, Chicago, IL, for Defendants-Appellees.

Before Wood, Chief Judge, and Bauer and Easterbrook, Circuit Judges.

In 2012 Northern Trust changed its pension plan. Until then it had a defined-benefit plan under which retirement income depended on years worked, times an average of each employee's five highest-earning consecutive years, times a constant. Example: 30 years worked, times an average high-five salary of $50,000, times 0...

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