The lawsuit alleges that Pinnacle West, an electric utility, used outdated mortality tables, causing it to underestimate the present value of employee pensions. Former employees of Pinnacle West, an ...

The suit against fiduciaries of a Huntington Ingalls Industries pension plan has reached a settlement that includes a $2.8 million payment. Huntington Ingalls Industries has agreed to pay $2.8 million ...

When determining alternative pension benefits (such as joint and survivor annuities and early retirement benefits), a recent court decision held that underlying actuarial assumptions selected decades ...

Raytheon Co. agreed to pay $59.2 million to settle an ERISA complaint filed by a retiree who accused the company and fiduciaries of using an outdated mortality table to improperly calculate retirement ...

Last week, two different federal courts came to two different conclusions regarding whether the use of allegedly “outdated” mortality tables violates ERISA’s provisions that certain lifetime annuities ...

Kellogg and FedEx must now defend class action claims that their pension plans shortchanged married retirees by relying on decades-old mortality data. In a decision filed on March 16, 2026, the United ...

The Internal Revenue Service has updated its static mortality tables for use by defined benefit pension plans in calculating the life expectancies of retirees. Processing Content Notice 2013-49 ...

The IRS recently released Notice 2023-73, which contains a mortality table for use in determining minimum present value under IRC Section 417(e)(3) and Section 205(g)(3) of ERISA for distributions ...