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Attention Pension Recipients

✔ Did you elect a joint and survivor payment option within the past six (6) years?
✔ Did you elect a joint & survivor payment option, to provide some pension benefits to your spouse?
If so, your pension may have been miscalculated and you may have been shortchanged of your pension benefits.

The pension benefits/ERISA attorneys at the Rosca Scarlato law firm are investigating potential claims on behalf of retirees who (1) worked for certain Fortune 500 corporations and certain large union plans, (2) retired within the last six years, and (3) elected the “joint & survivor” payment option for their pensions upon their retirement, to provide some pension benefits to their spouse.

Investigtation Improperly Calculated Pension Benefits for Retirees of Certain Fortune 500 Corporations and Members of Certain Large Unions

The Rosca Scarlato attorneys have identified several large corporations and organizations whose pension plans have used outdated mortality tables to calculate the pension payments owed to their retirees who selected the joint & survivor option for their pension payments. Typically, these would be retirees who have a spouse and want to provide for that spouse in the event of their passing.

The Rosca Scarlato attorneys’ investigation indicates that those retirees’ pensions may be miscalculated and they may be receiving smaller payments than they’re entitled to.

Specifically, the Rosca Scarlato attorneys believe that the use of outdated mortality tables, some of them as old as 1951, may have resulted in significantly shorter estimates of life expectancy for those retirees. The life expectancy is a key factor in the calculation of a retiree’s pension benefits payable by his or her former employer, and a shorter life expectancy estimate may result in significantly lower pension payments to those retirees and their surviving spouses.

Retirees of Certain Fortune 500 Corporations and Members of Certain Organizations Potentially Shortchanged

The Rosca Scarlato pension benefit attorneys are investigating whether the retirement plans of several large, Fortune 500 corporations and certain large organizations may have improperly calculated the pension benefits payable to their retirees who elected the joint & survivor payment option.

Retirees of certain Fortune 500 corporations and certain large union plans who elected the joint and survivor payment option and are concerned they may be receiving smaller amounts for their monthly pension than they are actually owed may contact Rosca Scarlato attorneys Alan Rosca or Paul Scarlato for a free consultation by calling toll free 888-998-0530, via email at arosca@rscounsel.law, or by leaving a message using the contact forms on this page.

The Rosca Scarlato law firm typically take pension benefit/ERISA cases on a contingency fee basis, advances all case expenses, does not require any money down, and only gets paid if and when the achieves a successful outcome for its clients.

The Rosca Scarlato attorneys’ investigation is pending, and no allegations of legal violations are being made as to any particular entity. There has been no finding of liability in a court of law as to any of the allegations in this blog.

List of Plans Under Investigation

The Rosca Scarlato ERISA attorneys are investigating the following plans that include certain plans of the following companies and organizations:

Bank of America Corporation

Berkshire Hathaway Credit Corporation

FCA US LLC

Ford Motor Company

Highmark Health

HSBC North America Holdings, Inc.

International Paper Company

Kraft Heinz Food Company

MARS, Incorporated

New York State Nurses Association

Nextera Energy, Inc.

Northrop Grumman Corporation

Pacific Gas and Electric Company

Pfizer Inc.

Schlumberger Technology Corporation

Sysco Corporation

The Coca-Cola Company

The PNC Financial Services Group, Inc.

The Southern Company Services, Inc.

UFCW – United Food and Commercial Workers Union

United Services Automobile Association