Novartis Corp. Pension Plan Investigation

Location: All US States

About the Investigation:

FORMER NOVARTIS CORP. EMPLOYEES RECEIVING PENSION PLAN BENEFITS: YOU MAY HAVE A CLAIM!

Did you start receiving your Pension Plan for Salaried Employees of Novartis Corporation? Were you married when your benefits started? If so, you may be receiving pension benefits that are too low and you may have a claim

Generally, retirees who get a pension are entitled to a monthly payment for the rest of their life, which is called an annuity. Retirees can choose to receive their pension benefits as an annuity just for them or they can choose an annuity with a “survivor benefit” — which continues the monthly payments to a spouse after the retiree dies. For married retirees, the default option is a “survivor benefit.” To convert a normal annuity to a survivor benefit annuity, plans use complicated formulas based on life expectancies and interest rates.

We believe Novartis Corporation may be using a faulty formula to calculate survivor benefit annuities leaving retirees (and their spouses) with less money than they should receive.

If you started collecting pension benefits from Novartis Corporation in the last 6 years AND were married when your benefits began, please contact us to see if you qualify.

We’re here to help, so don’t delay and please fill out the form on this page.

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Thank you! A representative from the Siri & Glimstad law firm will be in touch soon! If you have questions or need to contact us immediately, email us at newintakes@sirillp.com.

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