Lockheed Martin, Verizon to Outsource DB and DC Investments to Goldman Sachs
The manager will take over investment of $70 billion in defined benefit and defined contribution plan investments.
Tag: Verizon
District Judge Tosses Verizon PRT Complaint
The federal court in the Southern District of New York found no standing or fiduciary breach in a challenge to...
Verizon, SSGA Join List of Fiduciaries Hit By PRT Suits
A deal that transferred Verizon liabilities to group annuity contracts with Prudential and SSGA face ERISA breach allegations from former...
Association of BellTel Retirees Points to Red Flags in Verizon PRT Deal
Advocates for the protection of retirees’ pensions and benefits say the telecom firm has ‘shamefully discarded 97,000 loyal retirees’ in...