FedEx® Pilot Pension Benefits Too Low - Investigation
Photo Credit: Unsplash | Updated: April 24, 2023
Claim Form Deadline: Ongoing
Estimated Payout: Varies
Proof required: Yes
Did you start receiving a pension from FedEx? If you were married when you started receiving FedEx pension benefits you may be receiving payments that are too low and you may have a claim.
Former FedEx Employees Employees Receiving Pension Benefits May Have a Claim
FedEx may be using a faulty formula to calculate survivor benefit annuities leaving retirees (and their spouses) with less money than they should receive. This may be affecting former FedEx pilots, specifically.Generally, retirees who get a pension are entitled to a monthly payment for the rest of their life, which is called an annuity. Retirees can choose to receive their pension benefits as an annuity just for them or they can choose an annuity with a “survivor benefit” — which continues the monthly payments to a spouse after the retiree dies. For married retirees, the default option is a “survivor benefit.” To convert a normal annuity to a survivor benefit annuity, plans use complicated formulas based on life expectancies and interest rates.
How Do I Qualify?
If you started collecting pension benefits from FedEx in the last 6 years AND were married when your benefits began, please use the form below in order to get in touch with lawyers who have maximum awareness of potential pension underpayments with FedEx to see whether you have a legitimate claim.How Do I Find Class Action Settlements?
Find all the latest class actions you can qualify for by getting notified of new lawsuits as soon as they are open to claims:
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