Jerry Falwell Jr. is suing Liberty University for $8.5 million in retirement benefits that he says the school owes him. According to the lawsuit filed on March 8, Falwell Jr. alleges that his retirement account totaled more than $8.5 million, including an additional 6% annual investment return, which he and the school negotiated in 2019.
The complaint states that Liberty wrongfully has denied and withheld the benefits to which Mr. Falwell is entitled, despite Mr. Falwell meeting every requirement set forth in the Supplemental Executive Retirement Plan for payment of the benefits due on September 1, 2022.
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