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Princeton to Pay $5.8 Million to Settle Pension Lawsuit
July 31, 2020
Princeton University has agreed to pay $5.8 million to settle complaints by participants in two pension plans that it charged unreasonable fees, Pensions & Investments reported. Princeton admitted no wrongdoing in the federal lawsuit, which also criticized the plans' sharing of revenues with TIAA and Vanguard Group, which keep records on the pensions.
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