Judge: No evidence that Athene annuities hurt retirees in PRT deals
September 30, 2025 by John Hilton
A New York judge dismissed a pension risk transfer lawsuit filed by former employees of General Electric.
Filed in June 2024, the lawsuit challenged the company’s decision to transfer pension obligations to Athene Annuity Life Co., arguing that it was not the “safest annuity choice” in the market. Judge Glenn T. Suddaby dismissed the lawsuit for “lack of subject-matter jurisdiction.”
Originally Posted at InsuranceNewsNet on Sep 30, 2025 by John Hilton.
Categories: Industry Articles
