Former staff members of the Ohio Education Association (OEA) are celebrating after a federal court approved their multi-million dollar class action settlement.
OEA will now pay healthcare benefits to retirees who worked for the organization even after they turn 65 years old.
"I am delighted that after all these years, that we've been able to successfully conclude this suit on behalf of all our members and all the retirees of OEA," said Jim Prater, the lead plaintiff.
Compensatory damages amount to $3.75 million. After attorney's fees, the compensatory damages to be distributed to the class members will be $2 million. This litigation has lasted more than five years.
Prater said the outcome of the suit also affects qualified dependents and future retirees, which will amount to more than $30 million over time.
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