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Pension Officials Sued for Mismanaging Illinois Pension and Welfare Plans
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL] 
Nov. 16, 2000 "According to the lawsuit, the defendants violated [ERISA] when they: [1] failed to timely deposit employee contributions and loan repayments into the pension plan's accounts.... ; [2] retained employee contributions and loan repayments with the general assets of the corporation; [3] failed to pay $3,055 in participant claims with respect to the cafeteria plan despite collecting $6,666.84 in employee contributions...." MORE >> |
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