Migliaccio & Rathod LLP is investigating whether FedEx pension participants were harmed when pension obligations were transferred from an employer-sponsored defined-benefit plan to an insurance company through a pension risk transfer transaction.
Reported Issues
Pension participants report concerns about:
- Their pension benefits being transferred to a private insurer.
- Losing PBGC backing after the transfer.
- Not receiving clear information about insurer solvency or guaranty-fund limits.
- Having no meaningful ability to object to the transfer.
- Concern that the transaction benefited the company more than retirees.
Why Individuals Should Be Concerned
Potential claims include:
- ERISA fiduciary breach
- Failure to choose the safest available annuity provider
- Inadequate notice
- Failure to evaluate state guaranty-association limits
- Reduced pension protections
- Economic loss from diminished benefit security
Signs You May Be Affected
- Your FedEx pension was transferred to an insurer.
- You received notice that an insurance company would pay your pension benefits.
- You lost PBGC protection.
- You were not clearly informed about the risks of the transfer.
- You believe your FedEx Pension protections were reduced without adequate explanation.
If you have encountered these issues, we would like to hear from you. Please complete the contact form on this page, send us an email at [email protected], or give us a call at (202) 470-3520.