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MetLife Settles Mortality Table ERISA Lawsuit for $23M
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June 9, 2026 "MetLife agreed to a $23 million settlement to end a nearly eight-year legal dispute ... [P]laintiffs questioned how MetLife's pension plan calculated the value of joint and survivor annuity payments compared with single annuity payments under both the current and old versions of the plan ... [T]he complaint argued that MetLife used mortality tables from the 1970s and 1980s to make these calculations." [Masten v. Metropolitan Life Ins. Co., No. 18-11229 (S.D.N.Y. Jun. 14, 2021)] MORE >> |
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