MIT Sued Over Its Retirement Plans For Employees

11:00

August 11, 2016

Virginia Marshall, Meghna Chakrabarti

MIT, along with two other universities, is being sued over allegedly allowing employees to pay excessive fees on retirement plans offered through the university. Pictured here: The Alchemist statue on MIT's campus. (Jesse Costa/WBUR) — MIT, along with two other universities, is being sued over allegedly allowing employees to pay excessive fees on retirement plans offered through the university. (Jesse Costa/WBUR)

MIT, Yale and New York University are being sued in a class action lawsuit over each university's retirement plans offered to employees. The plaintiffs in each case allege that the university did not adequately monitor retirement fund fees in the plans offered to employees and did not offer plans that were in the employees' best interests.

Guests

Teresa Ghilarducci, director of the Schwartz Center for Economic Policy Analysis at The New School. She tweets @tghilarducci.

This segment aired on August 11, 2016.