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Last month, the Pension Benefit Guaranty Corporation approved a $32.7 million request to bail out the Bricklayers Local 7 union pension plan in Akron, Ohio, Plansponsor reports. Pension benefits had been cut for 397 participants since October of last year by an average of 55% under the Multiemployer Pension Reform Act. The cash infusion will allow the plan to fully fund its obligations to its members.
1. Hackers leak stolen data from Change Healthcare on dark web
2. Hacking group Ransomhub claims to have stolen UnitedHealth data
3. UnitedHealth estimates $1.6 billion loss from Change cyberattack
4. Ex-NBA player Will Bynum sentenced in insurance fraud scandal
5. Teladoc Health CEO Jason Gorevic steps down amid stock plunge
6. Biden administration limits Medicare Advantage broker compensation