Frietzsche
Frietzsche v. First Western Bank Etc. Co.
Opinion
Opinion
Plaintiff appeals from a judgment entered on an order sustaining demurrer to her complaint without leave to amend.
Question Presented
Is plaintiff widow entitled to a pension under defendant's pension plan? In substance, this question depends upon whether the plan is for retirement benefits or death benefits.
Facts
Plaintiff's deceased husband, Albert, was employed by defendant from 1918 until his death July 15, 1955. He was then 54 years and 6 months of age, and a vice president. Defendant's pension plan was then in effect. Albert designated plaintiff as a beneficiary under section 6(d) of the plan, hereafter quoted. Plaintiff sued for declaratory relief and also for monthly payment of half the amount Albert would have received upon retirement after he reached the age of 55. (It will be noted that he died before reaching that age.)
Was the Plan a Death Benefit One?
An examination of it clearly shows that it was not. The sections of the plan principally involved here are sections 6(c) and 6(d).
"(c) Deferred pension on termination of service. If, upon termination of service prior to his normal retirement date, a member has attained the age of forty-five (45) years…