Yale-New Haven Hospital’s $1 million pension pact approved

A $1 million class action settlement in favor of participants in the Yale-New Haven Hospital Inc. pension plan. was finally approved, resolving allegations that the $1.6 billion plan charged excessive administrative costs.

The agreement, which will benefit approximately 26,000 people covered by the plan since January 2016, represents approximately 95% of the “midpoint of realistic recoverable damages” on participants’ remaining claim for the plan’s administration costs and the “ meaningful consideration” for them has rejected the claims, according to the settlement proposal.

Judge Michael P. Shea of ​​the U.S. District Court for the District of Connecticut signed the final approval order on Tuesday. He…

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