Is your pension at risk in the hands of
American General Insurance Company (AIG)?
Keller Rohrback is investigating whether Avery Dennison, Rollins, Inc., and possibly other companies violated federal law by turning over their employees’ and retirees’ pensions to American General Insurance Company, a subsidiary of AIG–a notoriously risky insurer. If you were or are employed by Avery Dennison, Rollins, Inc. or another company that turned its pensions over to American General Insurance Company and are concerned that your pension may be at risk, please contact us at (800) 776-6044, ERISAclaim@kellerrohrback.com, or by using the secure form on the right.
If you were or are employed by Avery Dennison or Rollins, Inc.
and are concerned that your pension may be at risk, please contact us.
In 2019, Avery Dennison transferred $750 million in pension obligations to American General Life Insurance Company. The agreement between the two companies covered approximately 8,500 retirees, beneficiaries, and deferred vested and active members. Later that same year, Rollins, Inc. also purchased a $198.3 million-dollar group annuity contract from AIG, transferring the remaining liabilities of its U.S. pension plan.
These annuity contracts could put Avery Dennison and Rollins’ employees’ and retirees’ pensions at risk. The companies will no longer have any legal responsibility for your pensions and you will no longer have them insured by the federal Pension Benefit Guaranty Corporation. AIG had to be bailed out with government money in 2009 and its executives allegedly used bail-out money to pay themselves bonuses. Policymakers have referred to AIG’s practices as “reckless.”
If you are concerned about the safety of your pension, our employee benefits litigation team wants to hear from you. Please contact us at (800) 776-6044, ERISAclaim@kellerrohrback.com, or by using the secure form on the right.
About Keller Rohrback L.L.P.
For decades, investors have trusted the attorneys at Keller Rohrback to help them recover losses due to breaches of fiduciary duty. Keller Rohrback L.L.P. has a national reputation for groundbreaking ERISA class action litigation, and serves as lead and co-lead counsel in ERISA and other class actions throughout the country. With offices in Seattle, Phoenix, New York City, Missoula, Santa Barbara, and Oakland, our Complex Litigation Group is proud to offer its expertise to clients nationwide. Our trial lawyers have obtained judgments and settlements on behalf of clients in excess of $23.25 billion dollars.
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