Updated November 5, 2026
NCR Pension Plan Annuity Class Action Settlement
| Case | Hoak et al. v. Ledford et al., No. 1:15-cv-03983 |
|---|---|
| Defendant | NCR Corp. and the NCR retirement plans |
| Court | U.S. District Court for the Northern District of Georgia |
| Settlement amount | $48 million |
| Attorneys’ fees | Nearly $16 million per Law360; another report cites $4.23 million. Not yet confirmed against the order. |
| Final approval | November 4, 2026 |
| Status | Final approval granted |
A Georgia federal judge on November 4, 2026 granted final approval to a $48 million settlement that ends a long-running class action accusing NCR Corp. of breaking its promise to pay former executives annuity payments for life after retirement, according to Law360. Law360 reports the judge also awarded class lawyers nearly $16 million in fees, but another outlet cites a much lower figure of $4.23 million, so the fee amount is not yet confirmed.
The former executives alleged NCR did not honor lifetime annuity promises. A settlement does not mean the company admitted fault, and no admission has been reported.
Key takeaways
- The court granted final approval to the $48 million NCR settlement on November 4, 2026.
- Law360 reports class counsel was awarded nearly $16 million in fees; another report cites $4.23 million, and we are confirming the figure.
- The class is made up of former NCR executives who say they were denied lifetime annuity payments.
- With final approval granted, payments can move forward under the settlement terms.
What the NCR annuity lawsuit alleged
The class action claimed NCR promised certain former executives annuity payments for life after retirement and then did not send them. The case ran for years in the Northern District of Georgia before the parties settled.
What the settlement means for class members
The $48 million deal received final approval, which is the last court step before distribution. The judge’s judgment and memorandum, attached to the Law360 report, set out the payment terms. We are reviewing them and will add the per person payment estimate and timing when confirmed.
How do I join?
The deadlines to file a claim, opt out or object have passed now that the court has granted final approval. Former NCR executives who received a class notice should follow the payment instructions in it or contact the settlement administrator listed there. See our guide on how class action settlements work for more.
Frequently asked questions
How much is the NCR pension settlement?
NCR’s settlement totals $48 million. Law360 reports class lawyers were awarded nearly $16 million in fees, while another outlet cites $4.23 million; the fee figure is not yet confirmed.
When was the settlement approved?
A federal judge in Georgia granted final approval on November 4, 2026.
Who can get paid?
Former NCR executives in the class who say they were denied lifetime annuity payments. The court approved notice sets out who qualifies.
Did NCR admit wrongdoing?
No admission has been reported. The claims against NCR were allegations resolved by settlement.
This article is for general information and is not legal advice. Details come from news reports and court filings and may be updated as more documents are reviewed.
