A federal judge dismissed a lawsuit by former General Electric employees challenging a $1.7 billion pension risk transfer to Athene, citing lack of standing under ERISA. The ruling highlights judicial support for pension risk transfers as compliant and lawful.

Employer advocacy groups urge the 4th Circuit to dismiss speculative ERISA claims challenging pension risk transfers, emphasizing legal compliance and impact on retirement plans.

Discover how the 2024 spike in pension risk transfer lawsuits underlined the urgency for fiduciaries to adhere strictly to U.S. Department of Labor guidelines to protect retiree finances.

Lockheed Martin's lawsuit over pension risk transfers with Athene will proceed, highlighting fiduciary responsibility issues in the insurance sector.