Verizon Pension Plan Members Allowed to Sue as a Group
A federal judge in Texas ruled that Verizon pension beneficiaries can sue the company as a group over its transfer of $8.5 billion in plan obligations to the Prudential Insurance.
A federal judge in Texas ruled that Verizon pension beneficiaries can sue the company as a group over its transfer of $8.5 billion in plan obligations to the Prudential Insurance.
Verizon retirees had argued that their money won’t have the same protections in annuities as it did under Verizon’s plan but that fell on deaf ears.
Verizon wants to sell 41,000 pension plans worth a total of $7.5 billion to Prudential, which would turn them into annuities that the retirees’ lawyers say won’t have the same protection that the pensions had.
The regional Bells have been improving their consumer operations on the heels of a favorable regulatory ruling, yet they have been unable to reverse a pattern of line losses in the face of wireless substitution and other competition. SBC Communications Inc. added 16,000 “primary” residential lines in the three-month period ending March 31, marking its […]
.@CatoNetworks and @symantec made the news this week. So did @ATTBusiness. goo.gl/fb/yPWRMa
February 15 2019 @ 20:08:03 UTC
How does #mobility advance your business objectives? @PanasonicUSA goo.gl/fb/x3oxTu
February 15 2019 @ 18:25:56 UTC
.@broadvoice hires new #channelmanagers for Midwest, Northeast. #UC goo.gl/fb/jXU2cY
February 15 2019 @ 17:16:24 UTC
.@MicroCorp is targeting the "exploding" Southwest partner scene. goo.gl/fb/VFWJ6k
February 15 2019 @ 14:45:26 UTC
.@CenturyLink maintains top spot on latest year-end U.S. carrier #Ethernet leaderboard. goo.gl/fb/zauo3w
February 15 2019 @ 14:45:26 UTC
.@TPxComm channel chief provides details on company going public. #UCaaS goo.gl/fb/813iYt
February 14 2019 @ 22:49:19 UTC
.@prestotech and three other partners earned "platinum elite" status with AT&T Alliance Channel. goo.gl/fb/Sm4fma
February 14 2019 @ 21:57:49 UTC
.@DataBank_Ltd hires @Rackspace exec to lead its channel. #datacenter goo.gl/fb/FVK45U
February 14 2019 @ 21:57:48 UTC
Loading ...