WebIntroduction. The plaintiff, Gary Mauser, has sued his employer, Raytheon Company, and the Raytheon Company's employee pension plan ("the Plan") under the Employment Retirement Income Security Act of 1974 ("ERISA"), 29 U.S.C. § 1001 et seq. Mauser seeks to have his pension, as computed on his salary for a pre-1981 stint of employment, reckoned ... WebJun 4, 2024 · Raytheon Technologies, a defense and aerospace giant, was created when United Technologies Corp. completed its acquisition of Raytheon Co. Elise Amendola/Associated Press. The regulatory filing is ...
Pension Problems Come With Raytheon, United Technologies Deal
WebSep 12, 2002 · II. Raytheon appeals the district court's grant of summary judgment in Ms. Hogan's favor and its award of attorney fees to Ms. Hogan. A. This court must decide whether the district court's grant of summary judgment, entitling Ms. Hogan to survivor's benefits under the Plan, was appropriate. We review a grant of summary judgment de novo. WebJan 23, 2002 · Raytheon, based in Lexington, Mass., claimed it overpaid based on Towers Perrin's mistaken statement that Hughes's pension plan had a surplus of at least $1 billion at the end of 1996. nova testing facility
Cruz v. Raytheon Company IKR
WebSep 21, 2024 · The earliest you can claim your Raytheon pension is age 55 if you are fully vested (you must have worked at Raytheon for at least five years). Keep in mind that there may be a reduction to your benefit if you choose to commence your pension early, or at the normal retirement age if commenced before your Social Security retirement date. WebCruz sued Raytheon and its pension plan managers in 2024, arguing that they violated ERISA by improperly calculating certain retirees' pensions. He sued on behalf of over 10,000 … WebJul 7, 2024 · The main pension rule governing defined benefit pensions in death is whether you were retired before you died. If you die before you retire your pension will pay out a lump sum worth 2-4 times your salary. If you’re younger than 75 when you die, this payment will be tax-free for your beneficiaries. Defined benefit pensions also usually pay ... nova testing facilities arlington va