Pension Benefit Guaranty sues Fay Construction over terminated pension plan

via PennRecord

by Louie Torres, PennRecord

July 19, 2017

PHILADELPHIA — A government corporation dealing with terminated pension plans is suing Fay Construction Co. Inc., as plan administrator for the Fay Construction Co. Inc. pension plan, alleging breach of contract.

The Pension Benefit Guaranty Corporation, a government entity located in Washington, D.C., filed a complaint on June 16 in U.S. District Court for the Eastern District of Pennsylvania alleging that the Media-based contractor failed to provide pension benefits to its employees.

Read the full article.

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