Kellogg Sued Over Pension Calculations for Married Employees

A Kellogg Co. retiree filed a proposed class action saying the food manufacturer shortchanges the retirement benefits of certain married workers based on the pension formats they choose.

Thomas Reichert, an 11-year Kellogg veteran who began receiving retirement benefits in 2019, challenges how the company calculates the benefits of married workers who choose pensions that include post-death payments for their surviving spouses.

Reichert says Kellogg’s calculations rely on outdated formulas and life expectancy data that don’t take into account recent increases in lifespan, causing these workers to have their benefits improperly shortchanged compared to workers who receive traditional, single-life pensions. ...