Trust Sued Over Backing Retiree Plan - New York Times
NYSUT, the New York Union that settled with Elliot Spitzer is now being sued as part of a class action under a very interesting theory.
This is a good development in that these entities need to know that abusing their members is not going to go unpunished. Its only a matter of time before the NEA Valuebuilder product is targeted, the NEA Member Benefits organization in my opinion is one of the worst providers of 403(b) products in the nation.
Scott Dauenhauer, CFP, MSFP, AIF