A House Committee alleges the PBGC allowed over $127 million to flow to deceased pension-plan participants; the PBGC asserts funds were not "improperly" paid.
This dollar amount equates to 6.6 billion lost hours of productivity over a two-year period of the pandemic, according to a new Integrated Benefits Institute report.
A federal judge in New York has rejected a lawsuit by a participant who accused the company and plan fiduciaries of violating ERISA by mismanaging the plan.