USC will pay $13.05 million to settle a class-action lawsuit alleging the school mismanaged its retirement plans offered to faculty and staff, by billing participants with duplicated service costs and offering higher-cost, underperforming investment choices.
The $13 million will be allocated and distributed to current participants of the retirement plans, authorized former participants and a beneficiary or alternate payee of such a person in the form of checks or contributions to their accounts in the plans.
The lawsuit was filed in 2016. USC, which denied any misconduct or liability, sought arbitration instead of a trial. Judge Virginia Phillips denied arbitration and her decision was approved on appeal.
- Former USC offensive lineman Viane Talamaivao is expected to be hired by Stanford as its offensive line coach, per On3 sports.
UPDATED: Talamaivao will be co-offensive line coach according to 247Sports.
- USC women’s basketball player Rayah Marshall has been named a Naismith Women’s College Defensive Player of the Year Semifinalist.
InsideUSC with Scott Wolf 
gee,i geuss we can thanck the banksters fir takein awl the munneys,know we aint evr gonna get enny of it back,cansul cullchur mutch,thanx a lot bidin,smdh
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Clown U, what a f**king, two-bit, chiseling Methodist ripoff Univ.
#Just stinking despicable.
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Even if they screwed it up it has to be better than the retirement from the state. Chew on that one for a long long while.
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Sort of like the Cerritos McDonald’s where you’re the assistant to the manager.
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Dude just received his 40 year pin…. Sweet
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SC pension plans have ??? to do with SC sports.
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This is that time of year when it is tough to find something to post.
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Because they will raise the price on tickets
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To whom it may concern,
Can you please do something about a person under the usernames So Cal and Fuck Gabby, he/she continues to make daily death threats against my family and me?
§ 875, which makes it a crime to transmit a threatening message over a communications device, including a computer. Under that law, anyone who transmits an “interstate communication” that contains a threat to injure another person can be imprisoned for up to five years if convicted
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Let’s see. . .
Cost to the residents of California for the pension related lawsuit at USC? $0
At 40,234; UCLA employees will cost the state of California . . . More than $13 million.
https://chr.ucla.edu/news/update-on-uc-retirement-plan-ucrp
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