Stone Testifies at Hearing on Pension De-risking

Edward Stone testified at a public hearing in support of HB 6148 before the Connecticut Labor and Public Employees Committee .  The proposed legislation seeks protections for retirees in pension de-risking transactions.

Pension De-Risking

Verizon Retirees Sue to Block Pension-Risk Transfer – Verizon’s transfer of its pension obligations to 41,000 retirees to Prudential stripped the retirees of the protections afforded them under ERISA and the Pension Benefit Guaranty Corporation (PBGC).