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The pension fund for Connecticut's carpenter unions seemed to be in good shape, until consultants Watson, Wyatt & Co. sent in a new actuarial group. The new team quickly realized that things were seriously wrong and took corrective steps. But the damage was done. Watson Wyatt agreed it had to pay for losses from its miscalculations. But just how much became a multimillion-dollar federal case.
March 29, 2001 at 12:00 AM
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The original version of this story was published on Law.Com
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