The lawsuit alleged that General Electric and related fiduciaries violated the Employee Retirement Income Security Act when they selected Athene as the annuity provider for a $1.7 billion partial ...

PORTLAND, Ore. (KOIN) – Portland General Electric laid off dozens of its employees Tuesday. A spokesperson confirmed the staff reductions, which impacted 53 of the company’s employees, to KOIN 6 News ...

Filed in June 2024, the lawsuit challenged the company’s decision to transfer pension obligations to Athene Annuity Life Co., arguing that it was not the “safest annuity choice” in the market. Judge ...

Plaintiffs established a case that turning their pensions into Athene annuities pose a risk to their retirement earnings, the judge said.

About 280 employees at General Motors’ electric vehicle manufacturing plant Factory Zero, in Detroit-Hamtramck, will remain ...