Compliance | October 5th, 2021 Appellate Court Rejects Use of Segal Blend in Calculating Withdrawal Liability Because appellate court decisions carry weight with lower courts in a circuit, the ruling could increase the risk for multiemployer...
Compliance | April 7th, 2021 PBGC Simplifies Withdrawal Liability Calculation for Multiemployer Pension Plans The agency expects the changes will reduce actuarial fees paid by multiemployer plans, but it admits the simplified methods might...
Compliance | August 26th, 2020 Supreme Court Asked to Weigh in on Multiemployer Plan Withdrawal Liability for PE Firms A multiemployer pension fund argues that an appellate court decision shields private equity firms that take on a withdrawing employer...
Administration | August 17th, 2020 Considering the Potential Future Volatility for Multiemployer Plans Whether a plan is in dire financial straits or not, many employers likely want to get out of them, but...
Compliance | June 19th, 2020 Second Court Finds Use of Segal Blend Was Improper A pension fund challenged the use of the Segal Blend to assess its withdrawal liability from a multiemployer plan instead...
Compliance | January 7th, 2020 Association Modified Rules for Multiemployer Plan Withdrawal Liability Arbitration Attorneys with Drinker Biddle & Reath LLP have revealed fees required to initiate arbitration have been reduced by tens of...
Compliance | December 2nd, 2019 Court Finds Private Equity Funds Not Liable for Plan Withdrawal Liability An appellate court found a partnership test set forth in a previous case had not been met between the private...
Compliance | August 29th, 2019 Court Decides Lawsuit Over Multiemployer Plan Withdrawal Liability Is Time-Barred According to an appellate court, a cause of action against a plan sponsors for defaulting on its multiemployer plan withdrawal...
Compliance | August 12th, 2019 Caesars Owes No Withdrawal Liability for One Closed Pension in Controlled Group An appellate court affirmed a District Court’s judgement that because Caesars Entertainment continues to contribute to a multiemployer plan for...
Compliance | February 7th, 2019 PBGC Issues Proposal for Computing Withdrawal Liability Under Multiemployer Plans The proposed amendments would affect the determination of a withdrawing employer's liability under a multiemployer plan and annual withdrawal liability...
Compliance | August 30th, 2018 PBGC Issues Policy Statement on Multiemployer Plan Withdrawal Liability The agency identifies information that would be helpful for plan sponsors to provide to help it evaluate proposed alternative terms...
Compliance | June 22nd, 2018 PBGC Asks to Obtain Withdrawal Liability Information from Multiemployer Plans The agency says it needs the information to estimate its multiemployer program liabilities for purposes of its financial statements.
Compliance | April 9th, 2018 Court Finds Company Owners Not Responsible for Multiemployer Plan Withdrawal Liability The 9th Circuit depended on its own precedent in finding that unpaid contributions to employee benefit funds are not plan...
Compliance | April 5th, 2018 7th Circuit Again Rules Successor is Responsible for Multiemployer Plan Withdrawal Liability The appellate court disagreed with a district court conclusion that the multiemployer plan had not shown sufficient continuity of business...