Employer takes pricey gamble playing with pension funds — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

Employer takes pricey gamble playing with pension funds

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in Human Resources

The owner of a Hollywood, Fla., insurance agency who siphoned money from the company’s pension fund has been found in contempt of court for failing to restore $107,938 to the plan.

The U.S. Labor Department levied a $200 per day fine until he makes restitution. The courts also added another $10,700 in interest and fees to the original judgment. 

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