Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

International

Lawsuit alleges utility set benefits with mortality data from the 1960s

October 25, 2022 Reprints

Former employees of Pinnacle West, an electric utility company in Arizona, allege that the company used outdated and unreasonable actuarial tables based on data from the 1960s to undervalue their defined benefit pension benefits by underestimating the participants’ life expectancy, Plansponsor reports. The suit alleges that Pinnacle used an actuarial table published in 1971 for calculating joint survivor benefits, which drew on life expectancy data from the 1960s, to estimate the life expectancy of plan participants, the report says.

Help

Lawsuit alleges utility set benefits with mortality data from the 1960s

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources