Pension Plans In Jeopardy
Company Pension Plans Fail. When a federal bankruptcy judge approved UAL's (United Airlines parent company) plan to transfer its grossly under-funded ($9.8 billion for that matter) pension plans to the Pension Benefit Guaranty Corporation (PBGC), the door was opened for other financially troubled airlines (and then other industries) … [Read more...] about Pension Plans In Jeopardy
California Teachers Pension Plan Sues Qwest
Fraudulent Practices Over Teachers Pension Plan. The California State Teachers Retirement System sued Qwest Communications and several financial services companies Wednesday, saying the companies used fraudulent practices and cost the pension plan $150 million. CalSTRS, which holds about $94 billion in its investment portfolio, … [Read more...] about California Teachers Pension Plan Sues Qwest
