Transforming plan into an annuity would deprive them of federal pension protections, retirees argue.
By Andrew Harris and Tom Korosec, Bloomberg|November 30, 2012 at 05:41 AM
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Two Verizon Communications Inc. retirees asked a U.S. judge to prevent the company from selling a pension plan covering them and about 41,000 others to the Prudential Insurance Co. of America for $7.5 billion.