Equal premiums must buy equal retirement benefits
Nathalie Norris, 58, is a supervisor in the Arizona department of economic security. In 1975, she signed up to make monthly contributions of $199 for an annuity plan offered by the state through the Lincoln National Life Insurance Co. Then Norris discovered that at retirement she would receive $34 a month less than a male employee who had made identical contributions. Reason: the insurance company's actuarial tables projected that as a woman she would live seven years longer than a man of the same age. Norris challenged...
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