November 6, 2024
Wealth Management

How Employee Benefits Rules May Fare in the Post-‘Chevron’ World


The Supreme Court’s long-awaited decision in Loper Bright Enterprises v. Raimondo, overruling its landmark 1984 decision in Chevron USA v. Natural Resources Defense Council, held that a court considering a federal agency’s regulatory interpretation of a statute must follow the “best” reading of the statute, not just a “permissible” reading.

This raises the bar for federal agencies, including those administering employee benefits laws. Agencies did not always rely on Chevron, and the Court had not deferred to an agency interpretation under Chevron for nearly a decade. Nevertheless, the Loper decision has already had an effect in ERISA …



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