Following Belknap, Judge Dismisses ERISA Annuity Row Over Mortality Assumptions

(August 12, 2024, 8:16 AM EDT) -- GAINESVILLE, Ga. — Agreeing with the reasoning of a 2022 decision the plaintiffs called an outlier, a Georgia federal judge granted dismissal of a putative class suit in which Southern Company Services Inc. retirees argued that using outdated, “unreasonable” assumptions and mortality tables to calculate pension benefits violates actuarial equivalence requirements of the Employee Retirement Income Security Act....