This document is about the testimony provided by Brendan S. Maher, a law professor at the University of Connecticut, on the legal framework surrounding pension de-risking transactions and the challenges in providing effective remedies for participants when de-risking transactions make them worse off. Maher discusses the limitations of ERISA's remedial provisions and the potential role of ERISA Section 502(a)(9) in addressing improper de-risking.
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