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Plan to Get $1.54 Million Under DOL Settlement With Pension Fund Trustees
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL] Link to more items from this source
Aug. 8, 2000
Excerpt: The U.S. Department of Labor has obtained a settlement requiring trustees of two pension funds for the International Brotherhood of Electrical Workers Local 35 and the National Electrical Contractors Association-- through their insurer-- to repay to the funds $1.54 million in losses resulting from the plans' investments in highly risky mortgage derivatives.

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