Opinion ID: 571517
Heading Depth: 2
Heading Rank: 3

Heading: Doubling of Post-judgment interest.

Text: 39 Section § 1132(g)(2) awards the employee benefit plan double the interest on unpaid amounts, once under subsection (B) and again under subsection (C)(i). However, the district court concluded that post-judgment interest was not subject to the doubling penalty of § 1132(g)(2). Both parties agree that 28 U.S.C. § 1961 11 controls the calculation of post-judgment interest. However, the Plan contends that the lack of conflict between 28 U.S.C. § 1961 and 29 U.S.C. § 1132(g)(2), coupled with the fact that § 1132(g)(2) does not facially limit the accrual of interest to the date of judgment, supports its position that post-judgment interest, while calculated at the § 1961 interest rate, should be doubled under § 1132(g)(2). 40 In I.A.M. Nat'l Pension Fund, Plan A v. Slyman Indus., Inc., 901 F.2d 127 (D.C.Cir.1990), the D.C. Circuit addressed similar arguments and held that the doubling provisions of § 1132(g)(2) do not extend into the post-judgment period. The district court in that case found that if § 1132(g)(2)'s doubling provisions applied to post-judgment interest, they would modify 28 U.S.C. § 1961 in contravention of ERISA's intended effect. See Slyman, 901 F.2d at 130. See also 29 U.S.C. § 1144(d) (stating that ERISA is not to be construed to alter, amend, modify, invalidate, impair, or supersede any law of the United States). Furthermore, including post-judgment interest in § 1132(g)(2) calculations would disrupt the intended certainty and ease of administration of § 1132(g)(2)(C)(ii), the liquidated damages clause, by confusing the issue of whether it should apply instead of the double interest provision of § 1132(g)(2)(C)(i). Slyman, 901 F.2d at 130. 41 We agree with and adopt the above reasoning in holding that the post-judgment interest owed by CCC is not subject to § 1132(g)(2)'s doubling provisions. 42