Summary
- FedEx has petitioned the U.S. Supreme Court to review the Sixth Circuit's revival of two class actions concerning pension benefits.
- The lawsuits allege that outdated actuarial assumptions by Kellogg's and FedEx shortchanged retirees on joint-and-survivor benefits.
- FedEx argues that the Sixth Circuit's interpretation of federal benefits law is "erroneous" and warrants high court scrutiny.
- This case could set a significant precedent for how pension benefits are calculated and interpreted under federal law.
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