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Future Risk Not Enough To Save Verizon Pension Annuity Suit

By Grace Elletson ( January 9, 2026, 6:00 PM EST) -- A New York federal judge tossed a suit from a group of retirees who claimed Verizon Communications Inc. and its independent fiduciary State Street Global Advisors Trust Co. illegally converted $6 billion in pension benefits to risky annuities, ruling that the workers hadn't shown that the annuity holders were unlikely to follow through on their benefits....

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