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3 BCBS Companies Drop Push For DOL Transaction Waivers

By Kellie Mejdrich ( October 4, 2022, 4:44 PM EDT) -- The U.S. Department of Labor on Tuesday withdrew proposed transaction exemptions that would have allowed three companies affiliated with the Blue Cross Blue Shield Association to use settlement proceeds to cover payments made to employee retirement plans that experienced steep losses tied to stock market volatility at the start of the pandemic....

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