Duke University’s $2.35 Million Pension Accord Gets Thumbs Up

Duke University received initial approval for a $2.35 million class settlement aimed at resolving litigation by a retiree who says her pension benefits were shortchanged because of the school’s flawed calculations.

The agreement, which represents about 18% of the case’s estimated damages, is expected to provide an average boost of about $14 to the monthly payments of more than 700 retirees and beneficiaries who began receiving certain optional pension formats between 2017 and 2023. Judge Catherine C. Eagles granted preliminary approval to the deal and scheduled a Jan. 21, 2026, fairness hearing in an order issued Tuesday in the ...