A federal judge agreed with a class of retirees who say that a calculation error occurred with the benefits they earned from a retirement plan offered by Colgate-Palmolive. The judge explained in her decision that the retirement plan in question began as a...
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Month: August 2020
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The ill effects of Social Security backlog in New Jersey
The Government Accountability Office, a government watchdog group, recently conducted a study on the adverse effects caused by the backlog in the Social Security system. In the time period studied, the GAO discovered that over 100,000 people died while waiting on...
Settlement reached in Princeton University ERISA case
Princeton University trustees agreed to pay $5.8 billion to resolve an ERISA complaint filed by a former employee enrolled in two of the university's 403(b) plans. The New Jersey university also offered other remedies to demonstrate its goodwill efforts to improve the...