Agency takes over pension plan run by Urban League
By Julie Wurth
Friday August 3, 2007
CHAMPAIGN – A government agency that insures pension plans has taken over a small plan formerly run by the Urban League of Champaign County.
The defined-benefit plan, created in the 1970s, has only 15 participants and had been frozen since December 1991, meaning no one could join or earn benefits after that date, officials said.
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