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Teamsters pension fund returns $127M to Treasury after overpaying dead participants

Teamsters pension fund returns $127M to Treasury after overpaying dead participants
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Central States Has Repaid SFA Overpayment

The multiemployer plan was overpaid $127 million for the accidental inclusion of about 3,500 dead participants in their grant application.

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Central States Reaches Agreement to Repay $127M Overpayment | Chief Investment Officer

The plan reached a settlement with DOJ on Monday that will clear its debt with the PBGC.

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Yellow Gets Favored Venue for Hearing On $7.8B in Pension Liability Claims

A Delaware bankruptcy court ruled Wednesday that approximately $7.8 billion in pension withdrawal liability claims against bankrupt less-than-truc...

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Yellow Gets Favored Venue for Hearing On $7.8B in Pension Liability Claims - Yellow (OTC:YELLQ)

A Delaware bankruptcy court ruled Wednesday that approximately $7.8 billion in pension withdrawal liability claims against bankrupt less-than-truckload carrier Yellow's estate will remain under its jurisdiction and not be decided by arbitrators as numerous pension funds had sought. The court denied motions from the multiemployer pension plans (MEPPs) to which Yellow (OTCEM:YEL

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PBGC Says Central States Will Reimburse SFA Overpayment

Central States is currently working with the DOJ to negotiate the repayment of a $127 million overpayment from the PBGC.

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PBGC Responds to House Republicans' Subpoena on Central States' Overpayment

According to the PBGC, the DOJ is working with Central States to secure the repayment.

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House Ed and Labor Committee subpoenas agency amid probe of $127M paid to Teamsters' pension fund with deceased participants

The House Education and Workforce Committee subpoenaed the head of a federal agency on Tuesday for impeding an investigation into $127 million in payments made to a Teamsters' pension plan that included dead participants.

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Lawmakers blast federal payments to deceased Americans

(The Center Square) – Two lead House lawmakers blasted a federal program this week for sending over $100 million to deceased Americans.

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Lawmakers blast federal payments to deceased Americans | The Highland County Press

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.

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