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Participants Hurt by Action and Inaction by US Airway Pension Service-Providers and PBGC
Edward Siedle in Forbes; subscription may be required
[Opinion] Dec. 3, 2012 "Benchmark Financial Services, Inc., was retained by the [US Airline Pilots Association] to investigate potential conflicts of interest, undisclosed fees, and wrongdoing involving firms providing investment-related services to the Retirement Income Plan for Pilots of US Airways.... [In the firm's] opinion (as well as in the opinion of the Office of the Inspector General for the [DOL]), the participants in the Plan were provided with no substantive assurance of the integrity of the assets in the Plan, and were denied useful information needed to monitor the Plan's ability to pay benefits." MORE >> |
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