financetom
Technology
financetom
/
Technology
/
AT&T reaches $184.1 million settlement with employees over pension plan
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
AT&T reaches $184.1 million settlement with employees over pension plan
Jul 10, 2026 12:36 PM

July 10 (Reuters) - AT&T ( T ) agreed to pay $184.1 million to settle a lawsuit accusing the telecommunications company of shortchanging about 300,000 current and former employees out of pension payments, court papers show.

-- A preliminary settlement of the proposed class action was filed on Thursday in San Francisco federal court, and requires a judge's approval.

-- AT&T ( T ) was accused of violating the federal Employee Retirement Income Security Act of 1974, or ERISA, by failing to provide pension payments to married workers that were the "actuarial equivalent" of payments to single workers.

-- Employees said the Dallas-based company used mortality data that were decades out of date to calculate payments, causing married workers to receive less.

-- According to settlement papers, employees would receive $149.1 million of additional pension benefits, including $113.5 million for retired employees and $35.6 million for current employees. Their lawyers may seek up to $35 million to cover legal fees and costs.

-- The lawsuit began in October 2020.

-- AT&T ( T ) denied wrongdoing in agreeing to settle. In a statement, AT&T ( T ) said it settled to avoid the expense and distraction of prolonged litigation, and is committed to following the law in administering its pension benefit plan.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Meta price climbs cautiously - Forecast today - 21-06-2024
Meta price climbs cautiously - Forecast today - 21-06-2024
Jun 21, 2024
Meta Platforms stock price (META) inched up in the intraday levels, amid the dominance of the main upward trend, while trading above the 50-day SMA, countered with negative signals from the RSI after reaching overbought levels, in turn hindering gains. Therefore we expect more gains for the stock, targeting the pivotal resistance of $531.50, provided the support of $453.00 holds...
Honeywell price soars - Forecast today - 21-06-2024
Honeywell price soars - Forecast today - 21-06-2024
Jun 21, 2024
Honeywell Internationals stock (HON) kept rising in the intraday levels, after piercing the pivotal resistance of $210.60, amid the dominance of the main upward trend in the short term, with positive support from the 50-day SMA, coupled with positive signals from the RSI despite reaching overbought levels, with a surge in trading volumes. Therefore we expect more gains for the...
Procter & Gamble driven lower by important resistance - Forecast today - 21-06-2024
Procter & Gamble driven lower by important resistance - Forecast today - 21-06-2024
Jun 21, 2024
Procter Gambles stock price (PG) inched down in the intraday levels, after the important resistance of $169.10 held on, with the stock collecting profits while gathering momentum to rise and pierce that resistance, amid positive support from trading above the 50-day SMA, and with the dominance of the main upward trend as it trades alongside the secondary short-term trend line,...
Spotify price tries to pierce current resistance - Forecast today - 21-06-2024
Spotify price tries to pierce current resistance - Forecast today - 21-06-2024
Jun 21, 2024
Spotify Technologys stock price (SPOT) returned higher in the intraday levels, tackling the pivotal resistance of $313.16, amid positive pressure from the 50-day SMA, with the dominance of the main upward medium-term trend, coupled with positive signals from the RSI after reaching oversold levels. Therefore we expect more gains for the stock, targeting the first resistance at $340.60, provided the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved