5th Circuit Affirms Standard Of Review, Denial Of ERISA Severance Benefits

( March 2, 2026, 1:29 PM EST) -- NEW ORLEANS — Distinguishing a sister circuit’s ruling that upheld an award of benefits under the same Employee Retirement Income Security Act severance plan following de novo review, the Fifth Circuit U.S. Court of Appeals in an unpublished opinion agreed with the lower court that the abuse-of-discretion standard applies and substantial evidence supported denial of benefits under the plan’s “good reason” clause....