Settlement With ‘Landmark’ $10M Recovery Gets Initial OK In Mortality Table Row

( October 7, 2024, 2:03 PM EDT) -- CHICAGO — An Illinois federal granted preliminary approval to a class settlement including what retirees said would be a “landmark recovery” of $10 million on Oct. 4; the proposal in the Employee Retirement Income Security Act suit over allegedly outdated mortality tables used to calculate joint and survivor annuity (JSA) benefits in two Citgo Petroleum Corp.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 also includes up to $4.75 million for attorney fees, expenses and service awards....

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