MetLife Must Face Bulk Of Retirees' Mortality Table Suit
Law360 (June 15, 2021, 4:29 PM EDT) -- A New York federal court refused to throw out a proposed class action accusing Metropolitan Life Insurance Co. of shortchanging workers on benefits by using outdated mortality estimates, letting most of the retirees' case move forward.
In an opinion and order filed Monday, U.S. District Judge Ronnie Abrams ruled that MetLife must face the majority of the class claims brought by William Masten and Catherine McAlister. The retirees had claimed that the insurer's reliance on mortality tables from the 1970s and 1980s in order to calculate alternative annuity benefits resulted in lower benefits than the default retirement benefit, according to the...
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