According to the lawmakers, $127 million went to the Central States Pension Fund, taxpayer dollars that were paid out for people who are no longer alive. Now the issue is under investigation, but the lawmakers said that the agency has not explained how the overpayments happened or done enough to recover them.
Multiemployer pension funding rises to 89% – Milliman pionline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pionline.com Daily Mail and Mail on Sunday newspapers.
Also: Attorneys for the shuttered company, which now has about $300 million in cash on hand, are looking to schedule a summer trial to resolve its big pension dispute.
A Delaware bankruptcy court will decide on March 6 if it will hear pension withdrawal liability litigation against Yellow Corp. The post Pension liability claims against Yellow may take months to settle appeared first on FreightWaves.
Republicans want PBGC to recoup wrongfully awarded multiemployer aid pionline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pionline.com Daily Mail and Mail on Sunday newspapers.