In Re: Production Workers Pension Fund

Filing 20

ORDER NOW THEREFORE, IT IS ORDERED: (1)The union-side trustee of the Fund is to approve any compensation to the employer-side trustee of the Fund; (2)The employer-side trustee of the Fund is to approve any compensation to the union-side trustee o f the Fund; and (3)The Fund will create, maintain, and pay for a publicly available website in which an accounting of their compensation and invoices (redacted, if needed, to protect privileged information) will be posted. (Signed by Judge Jennifer L. Rochon on 11/22/2024) (jca)

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IN THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK ------------------------------------------------------- : : In re Production Workers Pension Fund : : : : ------------------------------------------------------- : Civil Action No. 1:24-cv-05570-JLR ORDER WHEREAS this Court appointed Judith Broach and James Estabrook as Trustees to the Production Workers Pension Fund on August 20, 2024 (Docket No. 13); WHEREAS this Court’s Order permitted the Fund to pay the trustees reasonable compensation for their services to the Fund; WHEREAS the newly appointed trustees seek transparency in their compensation and oversight into what is “reasonable compensation” under this Court’s Order; NOW THEREFORE, IT IS ORDERED: (1) The union-side trustee of the Fund is to approve any compensation to the employer-side trustee of the Fund; (2) The employer-side trustee of the Fund is to approve any compensation to the union-side trustee of the Fund; and (3) The Fund will create, maintain, and pay for a publicly available website in which an accounting of their compensation and invoices (redacted, if needed, to protect privileged information) will be posted. ____________________________________ The Honorable Jennifer L. Rochon, U.S.D.J. Dated: November __22___, 2024

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