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The Pension Benefit Guaranty Corp. approved nearly $1 billion in special financial assistance to a New York pension plan covering workers and retirees in the transportation industry, Pension & Investments reports. The New York State Teamsters Conference Pension & Retirement Plan, or NYS Teamsters Conference Plan, will receive $963 million in special financial assistance according to a PBGC news release. The NYS Teamsters Conference Plan, which covers 33,643 participants and is based in Syracuse, New York, implemented a benefit suspension in October 2017.
1. Hackers leak stolen data from Change Healthcare on dark web
2. UnitedHealth estimates $1.6 billion loss from Change cyberattack
3. UnitedHealth reports significant data breach; personal health info compromised
4. Ex-NBA player Will Bynum sentenced in insurance fraud scandal
5. Illinois House passes governor’s 'Healthcare Protection Act’
6. Analyst says Cigna, Humana share prices could put merger back on the table