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Court Certifies ERISA Class Action Challenging CITGO Pension Actuarial Assumptions
Cohen Milstein 
May 17, 2024 "[A] federal judge certified a class of more than 1,700 participants and beneficiaries in two of CITGO Petroleum Corporation's pension plans.... The lawsuit against CITGO alleges that the Houston-based gas and energy giant violated [ERISA] by failing to properly calculate joint and survivor annuity ('JSA') benefits for retired employees and imposing a 'marriage penalty' that reduced their monthly pension payments." [Urlaub v. Citgo Petroleum Corp., No. 21-4133 (N.D. Ill. May 16, 2024)] |
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