Sprint Retirees Get Nod for $3.5 Million Pension Math Settlement

A $3.5 million class settlement benefiting Sprint Communications LLC retirees received initial court approval, paving the way for resolution of litigation challenging how the T-Mobile unit calculates pensions for certain married workers.

The agreement is slated to boost the monthly payments of 1,009 Sprint retirees who chose pension packages that include post-death payments for their surviving spouses. It represents about 36% of the retirees’ total estimated damages, according to the settlement motion.

Judge Daniel D. Crabtree granted preliminary approval to the deal in an order docketed Tuesday in the US District Court for the District of Kansas. Crabtree tentatively ...