Quote:
Originally Posted by bimmertl
According to the article the settlement total is for $500 million. Where did the $1 billion figure you alluded to come from?
The settlement amount appears to cover only compensatory damages to the plaintiffs, aside from the 483K in legal fees. So if the settlement amount is only what should have been paid to begin with, there is no additional expense to the operating account.
The settlement calls for SSA to make back payments to 80,000 people and restore benefits to about 200,000.
It goes without saying that class action lawsuits aren't limited to government entities. Gary Morse and the Villages agreed to a $50 million settlement of a class action lawsuit against them. I don't recall you calling them out for their "remarkable decision making and staffing" that lead to that settlement??
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Thanks! My math error! Total comes to $500,483,000 instead. Loser paid the legal fees. Still not a good number, as it should never have happened.
As far as the Morse family, I haven't been paying them for almost 50 years because the law requires me to. It would not surprise me if a couple of Morse advisers got fired because of their role in the lawsuit. SSA employees/appointees will just keep chugging along, with the worst happening is that their promotion potential may have diminished. No one will be fired, suspended or reduced in grade - and the potential for such "remarkable decision-making and staffing" continues merrily along.