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Employer Groups Back Tossing Pension Annuity Suit In NY

By Kellie Mejdrich ( January 24, 2025, 6:19 PM EST) -- Three employer trade groups are backing Bristol-Myers Squibb and investment manager State Street as they fight claims brought by retirees of the pharmaceutical giant that the companies violated federal benefits law by converting workers' pension benefits into annuity insurance contracts....

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