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Lumen Sued Over $1.4B Pension Swap With 'Risky' Provider

By Thy Vo (September 5, 2024, 7:32 PM EDT) -- Two retired employees of Lumen Technologies are suing the internet service provider and an investment adviser over the transfer of $1.4 billion in pension obligations to a "highly risky private equity-controlled" insurance company, arguing in a Colorado class action that the move puts their retirement benefits at risk despite safer options available....

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