US - A third party administrator has pleaded guilty to defrauding $1m from 12 pension plans after being investigated by the Department of Labor.
US - AT&T has asked a US judge to dismiss claims that it discriminated against older workers when it converted its defined benefit pension scheme to a ‘cash balance' arrangement in 1997.
US - Thirty-two members of the US Congress have written to president Barack Obama asking for his intervention in the dispute surrounding Delphi Corporation's salaried retiree pensions.
US - The Delphi Salaried Retirees Association (DSRA) filed suit against the Pension Benefit Guaranty Corporation (PBGC) yesterday, challenging the termination of the salaried employees' pension plan.
US - The US Airline Pilots Association (USAPA) has filed a lawsuit against the Pension Benefit Guaranty Corporation (PBGC) seeking the removal of the PBGC as trustee of US Airways pilots' pension plan.
US - The Pension Benefit Guaranty Corporation (PBGC) reached an agreement with Western Union Financial Services aimed at strengthening the funding of the company's retirement plan.