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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: IceShark who wrote (36424)4/26/1999 11:17:00 PM
From: Ilaine  Read Replies (1) of 86076
 
You know, Ice, depending on the type of retirement plan, the employer could be left holding the bag, or the employee. I don't know what you do for a living, are you some kind of accountant? Because if you are, I won't bore you with stuff you already know. The pension fund manager has a fiduciary duty to the employees, but you could be pounding sand, although you could go after the employer for negligent supervision of the pension manager. I don't think the duty is delegable. If the employer is still on the hook for the pension, then solvency is still an issue, but that is another way to get at the employer's deep pocket. If there is one.
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