AT&T Retirees File Putative Class ERISA Suit Over Pension Risk Transfer Deal

(March 13, 2024, 10:28 AM EDT) -- BOSTON — Asserting in part that “reinsurance of ‘Pension Risk Transfer’ liabilities in Bermuda poses unique risks to pensioners,” four AT&T Inc. retirees who participated in a defined-benefit pension plan filed a class complaint in Massachusetts federal court challenging a “de-risking” transaction under the Employee Retirement Income Security Act....