Court Orders New York Union Trustees to Pay $570,000, Resolve ERISA Violations, After U.S. Department Labor Investigation and Litigation
October 17, 2020
October 17, 2020
NEW YORK, Oct. 17 -- The U.S. Department of Labor issued the following news release:
The U.S. District Court for the Eastern District of New York has ordered the trustees of four benefit plans for United Derrickmen & Riggers Association, Local Union 197, in Long Island City, New York, to restore $475,000 to the plans, pay a $95,000 penalty to the U.S. Department of Labor and take other corrective actions to resolve violations of the Employee Retirement Income Security Act (ERISA . . .
The U.S. District Court for the Eastern District of New York has ordered the trustees of four benefit plans for United Derrickmen & Riggers Association, Local Union 197, in Long Island City, New York, to restore $475,000 to the plans, pay a $95,000 penalty to the U.S. Department of Labor and take other corrective actions to resolve violations of the Employee Retirement Income Security Act (ERISA . . .