Coronavirus (COVID-19) News and Resources
Coronavirus (COVID-19) Webcasts
Subscribe to Free Daily Newsletters
Post a Job

Featured Jobs

Enrolled Actuary
Loren D. Stark Company logo
Loren D. Stark Company
ESOP Valuation Writer
Unique ESOP Valuation Provider

Free Daily News and Jobs

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Get the BenefitsLink app LinkedIn

<< Previous news item   |   Next news item >>

Lawsuit Contends Actuarial Firm Misled Detroit Pension Plan
The New York Times; subscription may be required Link to more items from this source
Oct. 28, 2014
"With the nation's states and cities slowly sinking in a $3 trillion pension hole, the professionals who advise their pension plans have long wondered whether the fingers of blame might eventually point to them. One of those fingers has surfaced in bankrupt Detroit, and it is singling out Gabriel, Roeder, Smith, a top actuarial consultant for public pensions, which has hundreds of clients across the country that rely on it to keep track of data, calculate required annual contributions and advise on crucial assumptions like future investment returns.... Gabriel Roeder said the three lawsuits 'are factually, legally and procedurally infirm and reflect a gross misunderstanding of the nature of actuarial services.' "

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2020, Inc.