April 18, 2024
A Michigan federal judge tossed litigation accusing Kellogg of shortchanging married retirees by relying on outdated life expectancies and interest rates when calculating their pension payments, agreeing with the company that the Employee Retirement Income Security Act doesn't require the data used to be reasonable.
January 29, 2024
Kellogg retirees urged a Michigan federal judge to shoot down the cereal and snack foods company's argument that it has "carte blanche to shortchange employees" by using old data to calculate pension payments.
January 08, 2024
Kellogg asked a Michigan federal court to toss a proposed class action alleging it lowballed retirees by relying on outdated life expectancies and interest rates when calculating pension payments, arguing the federal benefits law doesn't impose a "reasonableness" requirement on the data used in these calculations.
September 18, 2023
Kellogg lowballed thousands of retirees' retirement benefits by using outdated formulas to calculate pension payments, a former employee said in a proposed class action filed in a Michigan federal court.