Retirees file lawsuit against State Treasurer's Office
Posted January 26, 2011 11:03 p.m. EST
Updated January 28, 2011 4:05 p.m. EST
Raleigh, N.C. — A class action suit was filed Wednesday against the state Treasurer's Office on behalf of 90,000 state and local government retirees with supplemental insurance.
The lawsuit claims the retirees stand to lose more than $18 million in roll-over benefits if the state continues with plans to switch insurance providers.
The Treasurer's Office claims the state could save $13 million by making the switch.