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Citgo Settles Lawsuit Challenging Plan Mortality Tables
Cohen Milstein 
Oct. 7, 2024 "Citgo will ... settle a class action alleging it shorted early retirement payouts by basing the allowances on outdated mortality tables that used data from the 1970s ... Citgo has agreed to increase the value of retirees' annuities by $10 million, calculated as additional present value added to their benefits[.]" [Urlaub v. Citgo Petroleum Corp., No. 21-4133 (N.D. Ill. settlement agreement filed Oct. 2, 2024)] MORE >> |
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