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CITGO Employees Beat Summary Judgment in 'Marriage Penalty' ERISA Lawsuit
Cohen Milstein 
May 7, 2024 "[P]laintiffs claim that prior to 2018, two CITGO pension plans utilized inaccurate mortality tables (from the 1970s) to determine the value of JSAs, resulting in married retirees consistently receiving less than the actuarial equivalent of a single-life annuity as required under ERISA. The lawsuit seeks to recover the underpayments, and to reform the CITGO Plans to fully comply with protections afforded by ERISA to pension plan participants and their beneficiaries." [Urlaub v. Citgo Petroleum Corp., No. 21-4133 (N.D. Ill. May 6, 2024)] |
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