Benefits & Executive Compensation News

USC Workers’ Praise for Retirement Plan Drives New Court Battle

Oct. 9, 2019, 6:44 PM

University of Southern California employees who sued the school over its retirement plan cried foul at the school’s attempt to submit declarations from other employees who like the plan, according to court filings in the Central District of California.

USC’s move was procedurally improper because the school disclosed these employees’ identities three months too late, the proposed class of plan participants said in an Oct. 8 motion. This tardiness denied plaintiffs an opportunity to depose these witnesses and seek information relevant to their statements, the plaintiffs said.

The lawsuit accuses USC of charging excessive fees through its retirement plan and...

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