If you began collecting an American Airlines pension in the last six years and were married when payments started, an outdated survivor-benefit formula may have left you underpaid — you may have a claim.
Investigation · Allegations Only
This page describes an investigation. The statements below are unproven allegations, and this page is informational, not legal advice. Eligibility and any recovery would depend on the facts of an individual case.
Did you start receiving a pension from American Airlines in the last six years?
Were you married when your benefits started? If so, you may be receiving pension benefits that are too low and you may have a claim.American Airlines may be using an outdated formula to calculate survivor benefit annuities leaving retirees (and their spouses) with less money then they are entitled to.
If you started collecting pension benefits from American Airlines in the last 6 years AND were married when your monthly benefits began, please use the links below in order to see if you qualify.
Survivor Benefits for Pensioners' Spouses May Be Too Low
Generally speaking, retirees who get a pension are entitled to a monthly payment for the rest of their life, referred to as an annuity. Former employed retirees can choose to receive their pension benefits as an annuity just for themselves or an individual can choose an annuity with something called a “survivor benefit”.This "survivor benefit" is a pension payout that continues with monthly pension payments to a spouse even after the retiree dies. For married retirees, generally speaking the default option is this “survivor benefit.” To convert a normal annuity to a survivor benefit annuity, pension plans use complicated actuarial formulas based on life expectancies and interest rates. If you were married when your benefits started this may indicate that you could be receiving pension benefits that are too low and you may have a valid claim for compensation.
What Affected Retirees Should Know
Many employers in the U.S., such as American Airlines, may have been using a faulty formula to calculate survivor benefit annuities leaving retirees (as well as their spouses) with less money than they should be receiving from their pensions.If you started receiving a pension from American Airlines in the last six years and were married when your benefits started, the notice below explains the current status of this investigation and other steps you may consider.
This Investigation Is No Longer Accepting Submissions
OpenClassActions is no longer collecting submissions for this investigation, and there is no settlement or public claim form at this time. This page remains online for reference.
If you believe you were affected, you may still be able to pursue a claim by speaking with a licensed attorney of your choosing. You can also browse our open class action settlements and active investigations to see what is currently accepting claims.
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