Thousands of Americans will be eligible for cash stimulus payments of up to $365,759 as part of a $20 million settlement with Talen Energy Corp.
The company has agreed to this payment to resolve allegations of violations of the Employee Retirement Income Security Act (ERISA).
The settlement arises from allegations that Talen Energy illegally reduced pension benefits of laid-off employees.
Complaints in the lawsuit cite ERISA violations for Talen Energy Retirement Plan participants between June 2015 and December 2019.
Who is eligible?
Payments will be distributed between two groups:
- Group One: Includes the laid-off individuals and will receive an equal share of the remaining settlement fund, following Group Two members are paid.
- Group Two: This includes those who were not laid off and were not eligible for the disputed benefits, who will receive a fixed payment of $4,000 each.
How to receive payment?
Class members do not need to file a claim form to receive their settlement payment. However, the stimulus does come with some conditions.
Class members are advised to consult tax professionals regarding the implications of their settlement payments.
It is important to note that there is no deadline to opt out of participating in this settlement.
Other payments
Americans are also eligible to claim payments and stimulus payments of up to $600 as part of a settlement with an exercise equipment company.
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To receive their payment, qualified customers only need to fill out a form, according to the British portal ‘The Sun’.
For more information regarding the agreement and how to receive your payment, you can visit the website
With information from Mundo News Network.
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2024-07-04 04:13:12
