MIT Sued Over Its Retirement Plans For Employees

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.

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