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Retirees Challenge Actuarial Assumptions Used by Citgo DB Plan
Pensions & Investments Aug. 5, 2021 "The plaintiffs, seeking class-action status, allege they and other pensioners were harmed because the Citgo pension plans used out-of-date actuarial tables to calculate retirement benefits.... The alleged shortchanging affects people who retired before Jan. 1, 2018, the complaint said." [Urlaub v. Citgo Petroleum Corp., No. 21-4133 (N.D. Ill. complaint filed Aug. 3, 2021)] |
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