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Citgo Petroleum Latest Employer Sued Over Pension Lifespan Data

Aug. 4, 2021, 6:34 PM

Citgo Petroleum Corp. shortchanges the pensions of certain retirees by calculating their benefits using “punitive” and “severely outdated” lifespan data, according to a proposed class action filed in the Northern District of Illinois.

The lawsuit, filed Tuesday by Citgo retiree Leslie Urlaub, challenges how Citgo calculates the benefits of married workers who choose pension formats that allow their surviving spouses to continue receiving benefits after their death. Urlaub says that before 2018, Citgo calculated these pensions using 50-year-old actuarial data that didn’t account for recent increases in lifespan, causing these workers to see their benefits unfairly reduced compared to employees ...