Join Date: Jan 2016
Location: Southern USA, but longtime NYC boy prior to our move.
Re: Should I sue?
I am familiar with pensions and if I understand you correctly, you are not losing money. When you take a policy that has survivor benefits, they payout is not going to be based on your life expectancy but rather that of the longest survivor which is usually the way. So they calculate the payout based on your wife's life expectancy which in general is a few years longer than a males. They they are also doubling their odds that their policyholder live more than expected since there is now two of you. Look at the benefit paid over your wife's life expectancy, not yours.
Are you basing your $100,000 loss on your life expectancy or some other way? Usually you go to an actuarial table and see your life expectancy and then add up how much you will be paid until then. Then look up your wife's life expectancy and calculate what will be paid out based on your life and then the additional years she will collect. As I said two doubles the odds that one of you will live longer than your life expectancy so that is factored in too.
Asd far as suing you do not have a snowball in hell's chance of winning or even finding a lawyer to take the case unless you pay him for his hours. He will end up the winner though. On private pensions, they can legally change them or even end them. If a company does not have enough money to fund them, they can end them or sometimes they lose a lot because they invest the pension fund into the Stock Market. If you company goes under, odds are that you lose your pension. That is why I dislike company pensions and have a 401K instead. No matter what, I still will have my money. My 401K fund choice is insured so the worst that can happen is that I lose my interest for that year.
Many prefer to drown in a pool of their own morality rather than seek the safety of a different morality.