Navigation Links
ULLICO Inc. and U.S. Department of Labor Agree to Resolve 5 Year Old ERISA Investigation
Date:11/16/2007

ial claims in exchange for a payment from Union Labor Life in the amount of $20 million and the implementation of a new, simplified fee structure related to Union Labor Life's management of Separate Account J. Union Labor Life has not admitted that any of the compensation arrangements examined by the DOL were unlawful or that the company has acted in any way in violation of law.

The agreement will result in a one-time charge to earnings, but it does not impair ULLICO's ability to continue to grow and better serve its market. ULLICO's risk-adjusted capital and liquidity ratios remain at very high, secure levels.

"Since 2003, we have taken the necessary steps to ensure a strong financial foundation for ULLICO investors, including conducting conservative investment and reserving practices, establishing strong liquidity, and building very high capital levels," said ULLICO President and CEO Mark Singleton. "Today's announcement is a key part of ULLICO's turnaround, and we're anxious to close this investigation and focus on the future."

Most of the $20 million payment -- nearly $16.7 million -- will be distributed to Separate Account J investors. The remainder will go to taxes and required ERISA payments. ULLICO will use a reasonable allocation method to distribute the investors' portion of the settlement, taking into account each investor's investment in Separate Account J since January 1, 1999, the earliest point covered by the DOL investigation.

Union Labor Life created Separate Account J -- or J for Jobs -- 30 years ago to generate risk adjusted returns for its investors, to create jobs for organized workers and to be an additional source of liquidity for real estate developers. J for Jobs invests in high-quality secured mortgages on commercial and residential projects. Because all construction projects are built by unions that were affiliated with the Building and Construction Trade Department of the AFL-CIO as of January 1, 2001, J for Jobs c
'/>"/>

SOURCE ULLICO Inc.
Copyright©2007 PR Newswire.
All rights reserved

Page: 1 2 3

Related medicine news :

1. PA Agriculture Department Warns Consumers of Tainted Raw Milk Sold by Perry County Dairy
2. Justice Department to Hold Media Event to Demonstrate New Database for Matching Unidentified Remains and Missing Persons Information
3. Loma Linda University Medical Center Selects Beryl to Manage Call Center Interactions for Womens Services Programs and Departments
4. PA Department of Public Welfare Begins Outreach to Medical Assistance Consumers Following Burglary at State Office Building
5. PA Health Department Survey Shows Impact of Income, Gender, Other Factors on Health and Access to Health Care
6. Pennsylvania Department of Aging Receives Grant to Improve Alzheimers Support
7. Health Department Marks Take a Loved One to the Doctor Day
8. Partnership for a Drug-Free America and Colorado Springs Police Department Introduce Methamphetamine Prevention Program to Colorado Law Enforcement
9. Verathon Inc. Introduces GlideScope(R) Ranger Single Use Video Laryngoscope for Emergency Departments, EMS and Military; Enables Fast Intubations and Eliminates Time-Consuming Disinfection
10. Stryker Announces Resolution Related to March 2005 U.S. Department of Justice Subpoena
11. Blue Cross Blue Shield of Michigan Launches Effort in Five Michigan Cities with Department of Community Health to Enroll Uninsured Children in MIChild
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/23/2014)... 2014 Follow us on LinkedIn ... pandemic proportions in both developed and developing countries alike. ... habits, growing preference for processed food, and sedentary lifestyles ... not regarded a disease by itself, obesity is known ... as diabetes, hypertension, cardiovascular risks as well as cancer. ...
(Date:7/23/2014)... 2014 Follow us on ... in the marketing mix, with its benefits ranging ... customers’ purchase decision. In a competitive market environment, ... packaging provides ample opportunities for sales growth. Manufacturers ... technologies such as blister and other high visibility ...
(Date:7/23/2014)... Hemodialysis equipment is the most widely used ... acute or chronic renal failure. , The Chinese hemodialysis ... European, American and Japanese enterprises. In 2013, the import ... growing demand for hemodialysis equipment in China, its import ... in 2009-2013. Germany, Sweden and Japan as the main ...
(Date:7/23/2014)... July 23, 2014 Throughout the month of ... announced plenty of new items. Also, it is hosting a ... unveiled its collection of short summer beach wedding dresses ... of popular styles in it. Additionally, these outfits are now ... , “As one of the world’s leading suppliers, LunaDress ...
(Date:7/23/2014)... Upland, California (PRWEB) July 23, 2014 ... flavorful home-delivered fully prepared healthy gourmet cuisine, received rave ... at the LA’s Largest Mixer. Mixer attendees were amazed ... Thursday, July 17th 2014, World Gardens Café, the premier ... gourmet cuisine, had a booth at Dave Linden’s LA’s ...
Breaking Medicine News(10 mins):Health News:Surging Obesity Rates Drives Demand for Bariatric (Obesity) Surgical Devices, According to New Report by Global Industry Analysts, Inc. 2Health News:Surging Obesity Rates Drives Demand for Bariatric (Obesity) Surgical Devices, According to New Report by Global Industry Analysts, Inc. 3Health News:Surging Obesity Rates Drives Demand for Bariatric (Obesity) Surgical Devices, According to New Report by Global Industry Analysts, Inc. 4Health News:Increasing Focus on Packaging as a Marketing Tool Drives the Blister & Other High Visibility Packaging Market, According to New Report by Global Industry Analysts, Inc. 2Health News:Increasing Focus on Packaging as a Marketing Tool Drives the Blister & Other High Visibility Packaging Market, According to New Report by Global Industry Analysts, Inc. 3Health News:Increasing Focus on Packaging as a Marketing Tool Drives the Blister & Other High Visibility Packaging Market, According to New Report by Global Industry Analysts, Inc. 4Health News:China Hemodialysis Equipment Market (Import & Export) Report 2013-2016 Now Available at ChinaMarketResearchReports.com 2Health News:China Hemodialysis Equipment Market (Import & Export) Report 2013-2016 Now Available at ChinaMarketResearchReports.com 3Health News:China Hemodialysis Equipment Market (Import & Export) Report 2013-2016 Now Available at ChinaMarketResearchReports.com 4Health News:LunaDress Continues To Enrich Product Line By Offering Short Summer Beach Wedding Dresses 2Health News:Healthy Food Gets Rave Reviews at LA’s Largest Mixer 2
... for growing mental health issues in the U.S. & ... (FBN) announces the launch of a new web ... resource for individuals who need support for and information ... mission is to provide an informative, supportive community supplemented ...
... Nichols Institute Diagnostics, Pleads Guilty to Felony Misbranding ... its subsidiary, Nichols Institute Diagnostics (NID), have entered ... to resolve criminal and civil claims concerning various ... marketed and sold to laboratories throughout the country ...
... the April 16 issue of the journal "Neuron," was conducted ... the Stanford University School of Medicine, who characterized their finding ... , ... (Vocus) April 15, 2009 -- ...
... April 15 TopBestPennyStocks.com is pleased to ... are interested in stocks on the move and in the news ... http://www.TopBestPennyStocks.com Today,s focused alerts include: ChinaCast Education (Nasdaq: ... VM ), Netflix Inc. (Nasdaq: NFLX ), Pfizer Inc. ...
... the disease, , , WEDNESDAY, April 15 (HealthDay News) ... the tracking of changes in cancer cells, according ... Medicine. , The technology uses specially designed dye-containing ... or on a single cell. , Current single-flow ...
... invasive surgical techniques -- most notably, laparoscopy -- ... option across the United States for people with ... newer, third option is a hybrid -- hand-assisted ... effective and compares favorably with standard laparoscopy, according ...
Cached Medicine News:Health News:Feel Better Network Launches Web Site for Relief in Challenging Times 2Health News:Quest Diagnostics to Pay U.S. $302 Million to Resolve Allegations That a Subsidiary Sold Misbranded Test Kits 2Health News:Quest Diagnostics to Pay U.S. $302 Million to Resolve Allegations That a Subsidiary Sold Misbranded Test Kits 3Health News:Quest Diagnostics to Pay U.S. $302 Million to Resolve Allegations That a Subsidiary Sold Misbranded Test Kits 4Health News:UCSF, Stanford Study Reveals Neural Networks Targeted in Brain Diseases 2Health News:UCSF, Stanford Study Reveals Neural Networks Targeted in Brain Diseases 3Health News:UCSF, Stanford Study Reveals Neural Networks Targeted in Brain Diseases 4Health News:TopBestPennyStocks.com Issues Technical Trade Alerts on Hot Stocks in the Market Today: CAST, VM, NFLX, PFE, AA, & COF 2Health News:Helping hand of hybrid surgery benefits colorectal patients 2
(Date:7/22/2014)... WASHINGTON , July 22, 2014  Edwards Lifesciences ... in the science of heart valves and hemodynamic monitoring, ... Mussallem today served as an expert panelist at ... Committee,s Subcommittee on Health to discuss medical device innovation ... Barriers to Ongoing Evidence Development and Communication." ...
(Date:7/22/2014)...  Decision Resources Group finds that the market for interventional ... remain relatively stagnant at a value of around $80 million ... intervention (PCI) volumes are growing faster in Canada ... the United States and Europe ... increase in penetration of PCI procedures relative to coronary artery ...
(Date:7/22/2014)... -- The number of people overdosing from opioid prescription ... percent of the workforce has misused prescription painkillers, according ... making opioid use a serious threat to employee safety. ... correct dosage with a valid prescription, subtle impairment may ... Safety Council released a guide for employers, ...
Breaking Medicine Technology:Edwards' CEO Invited To Address Congress On Opportunities To Revitalize Medical Device Innovation 2The Canadian Interventional Cardiology Device Market Will Remain Relatively Stagnant Through 2022 at Around $80 Million 2The Canadian Interventional Cardiology Device Market Will Remain Relatively Stagnant Through 2022 at Around $80 Million 35 things employers should know about prescription painkiller use 25 things employers should know about prescription painkiller use 3
... Corporation (Nasdaq: DNDN ) today reported results for ... quarter ended September 30, 2010 was $20.2 million compared to ... the nine months ended September 30, 2010 was $23.1 million ... 2009.   Revenue from sales of PROVENGE® (sipuleucel-T) ...
... EMERYVILLE, Calif., Nov. 3, 2010 Onyx Pharmaceuticals, ... results for the third quarter 2010. Onyx reported non-GAAP net ... the third quarter 2010 compared to non-GAAP net income of ... period in 2009. Non-GAAP net income excludes, among other items, ...
Cached Medicine Technology:Dendreon Reports Third Quarter 2010 Financial Results 2Dendreon Reports Third Quarter 2010 Financial Results 3Dendreon Reports Third Quarter 2010 Financial Results 4Onyx Pharmaceuticals Reports Third Quarter 2010 Financial Results; Japan License Leverages Worldwide Potential of Carfilzomib and Contributes $59.2 Million of License Revenue 2Onyx Pharmaceuticals Reports Third Quarter 2010 Financial Results; Japan License Leverages Worldwide Potential of Carfilzomib and Contributes $59.2 Million of License Revenue 3Onyx Pharmaceuticals Reports Third Quarter 2010 Financial Results; Japan License Leverages Worldwide Potential of Carfilzomib and Contributes $59.2 Million of License Revenue 4Onyx Pharmaceuticals Reports Third Quarter 2010 Financial Results; Japan License Leverages Worldwide Potential of Carfilzomib and Contributes $59.2 Million of License Revenue 5Onyx Pharmaceuticals Reports Third Quarter 2010 Financial Results; Japan License Leverages Worldwide Potential of Carfilzomib and Contributes $59.2 Million of License Revenue 6Onyx Pharmaceuticals Reports Third Quarter 2010 Financial Results; Japan License Leverages Worldwide Potential of Carfilzomib and Contributes $59.2 Million of License Revenue 7Onyx Pharmaceuticals Reports Third Quarter 2010 Financial Results; Japan License Leverages Worldwide Potential of Carfilzomib and Contributes $59.2 Million of License Revenue 8Onyx Pharmaceuticals Reports Third Quarter 2010 Financial Results; Japan License Leverages Worldwide Potential of Carfilzomib and Contributes $59.2 Million of License Revenue 9Onyx Pharmaceuticals Reports Third Quarter 2010 Financial Results; Japan License Leverages Worldwide Potential of Carfilzomib and Contributes $59.2 Million of License Revenue 10
... Merlin is a superior full-color, auto-focus, ... vision user in mind, Merlin enables the ... black and white, high contrast positive or ... video magnifier, this optional feature enables the ...
... purpose incubators designed to provide ... uniformity required for the most ... microprocessor controlled incubators feature push-button ... digital display, and built-in over-temperature ...
... Precision Economy Incubators available in five different ... of 1.4 cu. Ft. (39 liters), 2.5 ... ft. (129 liters. Equally important, Precision Economy ... excellent temperature sensitivity, stability, and uniformity. As ...
Aspheric diagnostic lens. 90D...
Medicine Products: