Retirees: $10M Would Be ‘Landmark Recovery’ In Actuarial Equivalence Case

(October 3, 2024, 4:01 PM EDT) -- CHICAGO — Saying it would be a “landmark recovery,” retirees who filed an Employee Retirement Income Security Act suit over allegedly outdated mortality tables used to calculate joint and survivor annuity (JSA) benefits in two Citgo Petroleum Corp. pension plans on Oct. 2 asked an Illinois federal court for preliminary approval of a $10 million class settlement plus up to $4.75 million for attorney fees, expenses and service awards....

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