In this Update Series, we provide continuing updates on the key developments relating to multiemployer pension plans, as well as practical considerations for the companies that participate in them. These union benefit funds pose unique and significant business risks. These risks are becoming more of a problem than ever before due to recent changes made by the Multiemployer Pension Reform Act of 2014 (MPRA). As the post-MPRA landscape evolves, including how your collective bargaining strategies may need to be adjusted, we will keep you informed of the potential impact on your company's withdrawal liability exposure and other business risks.