Opinion ID: 217949
Heading Depth: 2
Heading Rank: 5

Heading: Prior Loss Proviso: Claim 5 of the SAC.

Text: Claim 5 of the SAC alleges that application of Amendment 2006-1 violates the Prior Loss Proviso as applied to Post-1990 Retirees who died before December 12, 2006, the date on which Amendment 2006-1 was approved. 5 Aplt.App. 982. The Prior Loss Proviso provides, no amendment shall reduce the benefits of any Participant with respect to a loss incurred prior to the date such amendment is adopted. 3 Aplt.App. 638. We previously held that the 2005 Resolution amended the Plan to provide a flat $10,000 benefit to Post-1990 Retirees. See supra. The 2005 Resolution was adopted on October 14, 2005, and reduced benefits starting January 1, 2006. See supra. Accordingly, Post-1990 Retirees' benefits were reduced as of January 1, 2006, and application of the reduced benefits to persons who died after that date does not violate the Prior Loss Proviso. We therefore affirm the district court's grant of summary judgment on Claim 5 of the SAC.