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Topic: erisa

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Friday, 7/10, 07:37 PM

AT&T Settles a Pension Underpayment Claim for 184 Million Dollars

  • AT&T has agreed to pay 184.1 million dollars to settle a long-running lawsuit from current and former employees who said the company shortchanged married retirees by using outdated life-expectancy data to calculate their pensions.
  • The deal, which still needs court approval, is a reminder of the strict legal duties employers owe to the workers in their retirement plans.

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