Benefits Pro6d
Verizon sued over $5.9B pension risk transfer deal with Prudential by ex-employees
Ex-employees are suing Verizon as well as State Street Global Advisors, which served as the “independent fiduciary” in ...
planadviser.com11d
Verizon, SSGA Face Complaint About $5.9B PRT Transaction
“The Verizon retirees have now been transformed into certificate holders under risky group annuities that are no longer regulated by ERISA or insured by the Pension Benefit Guaranty Corporation (‘PBGC ...
Pensions&Investments10d
Verizon retirees sue over company's latest pension buyout transaction
Verizon Communications management retirees ... IB 95-1 is the U.S. Department of Labor’s Employee Benefits Security Administration guidance related to the fiduciary standards of pension risk ...
Treasury4d
Verizon Sued over $5.9 Billion Pension Risk Transfer Deal with Prudential
Ex-employees are suing Verizon, as well as State Street Global Advisors, which served as the “independent fiduciary” in putting together the deal to manage the pensions of 56,000 retirees.