Pension News and Resources

News & Resources

Trustee Statement on the Department of Labor Audit

Dear Participant,

The Department of Labor (DOL) recently concluded an exhaustive, 10-year audit of the Pension and Health Plans’ finances. There are several things you should know: 

The Plans are fiscally sound.

The DOL did not find any issues the Trustees were not aware of or had not already proactively corrected. The DOL did make determinations about certain expenditures with which the Trustees strongly disagreed, but we chose not to contest them.