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.
Source: plansponsor.com
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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.
Source: ai-cio.com
PBGC Paid $127M for Deceased Central States Participants, Senate Republicans Demand Repayment
The error was identified in November 2023, and the Central States pension plan has asked for legal clarity on how to return it.
Source: ai-cio.com
Central States Pension Received $127M from PBGC for Dead Participants
According to the fund, an error occurred due to its lack of access to more comprehensive data on deaths.
Source: plansponsor.com
Yellow: Pension plan unjustly seeking 'free money' from bankruptcy case
Lawyers for the shuttered trucking giant say Central States can’t double-dip after getting a federal bailout. They also tease the ‘truly rare’ possibility that shareholders will...
Source: fleetowner.com