District Court, D. Massachusetts February 16, 1995, Civ. A. 94-10684-MEL (MacDougall v. Unified Retirement Plan of Bank of New England Corporation)

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LASKER, District Judge.

On January 6,1991, the Comptroller of the Currency declared the Bank of New England Corporation (“BNEC”) insolvent. The plaintiffs — all former employees or spouses of former employees of BNEC — are beneficiaries of two BNEC-sponsored retirement funds: BNEC’s pension plan (the “Pension Plan”) and a Supplemental' benefit plan (the “Supplemental Plan”) created by the Bank